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

Original article by Brad Thompson
The Australian Financial Review – Page: 20 : 28-Oct-19

BHP and Vale are hopeful of resuming production at their Samarco joint venture’s Germano iron ore mine in Brazil by late 2020. This follows the granting of a Corrective Operating Licence for the mine by Minas Gerais state’s environmental regulator. The mine has been closed since a tailings dam collapse in November 2015. BHP has indicated that restarting Germano is dependent on Samarco receiving funding for a new filtration plant at the mine.

CORPORATES
BHP GROUP LIMITED – ASX BHP, VALE SA, SAMARCO MINERACAO SA