Slow restart at Samarco will be small beer for Australian miners

Original article by Peter Ker
The Australian Financial Review – Page: 19 : 29-Oct-19

Lachlan Shaw of National Australia Bank says the resumption of production at the Samarco joint venture in Brazil is unlikely to have much impact on Australia’s iron ore exporters. BHP and Vale has been granted environmental approval to resume production in late 2020. Shaw notes that based on the initial production rate that has been flagged, it would take about 10 years for production at Samarco to return to the levels prior to the tailings dam disaster in November 2015.

CORPORATES
BHP GROUP LIMITED – ASX BHP, VALE SA, SAMARCO MINERACAO SA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, FORTESCUE METALS GROUP LIMITED – ASX FMG, RIO TINTO LIMITED – ASX RIO

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