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Regulatory Story
Company BHP Group PLC
TIDM BHP
Headline Samarco funding - restart preparation
Released 07:00 01-Nov-2019
Number 9431R07

RNS Number : 9431R
BHP Group PLC
01 November 2019
 

NEWS RELEASE

 

Release Time

IMMEDIATE

Date

1 November 2019

Release Number

19/19

 

 

Samarco funding - restart preparation

 

BHP has approved US$44 million for BHP Billiton Brasil Ltda's share of funding for work related to the restart of one concentrator at Samarco Mineração S.A.'s (Samarco) operations at its Germano complex in Minas Gerais, Brazil. Samarco's operations were suspended following the failure of the Fundão dam on 5 November 2015.

 

The funding will enable the construction of a filtration plant over the next 12 months and the commencement of operation readiness activities for restart.

 

On Friday 25 October 2019 the Mining Activities Chamber of the State Council for Environmental Policy in Minas Gerais, Brazil, granted the Corrective Operating Licence for Samarco's operating activities at its Germano Complex.

 

Samarco has now obtained all environmental licenses required to progress towards operational restart. Restart can occur when the filtration system is complete and Samarco has met all necessary safety requirements, and will be subject to final approval by Samarco's shareholders.

 

BHP Billiton Brasil Ltda. and Vale S.A. each hold a 50 per cent interest in Samarco.

 

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BHP Group Limited ABN 49 004 028 077

LEI WZE1WSENV6JSZFK0JC28

Registered in Australia

Registered Office: Level 18, 171 Collins Street

Melbourne Victoria 3000 Australia

 

Tel +61 1300 55 4757 Fax +61 3 9609 3015

 

BHP Group plc Registration number 3196209

LEI 549300C116EOWV835768

Registered in England and Wales

Registered Office: Nova South, 160 Victoria Street

London SW1E 5LB United Kingdom

 

Tel +44 20 7802 4000 Fax +44 20 7802 4111

 

 

 

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