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BHP, Vale Samarco JV files for Brazil bankruptcy protection

Samarco has announced that it filed for judicial reorganisation with the Commercial Courts of Belo Horizonte, State of Minas Gerais, Brazil.
Fitch

BMI Research: continued strength depends on restraint

BMI Research is a unit of the Fitch Group. In 2017, miners posted strong financial results across the board, driven by higher metal prices. As the industry returns to a period of growth, continued profitability will depend...

Samarco executives temporarily step down to plan defence

The Samarco Mineração SA Board of Directors have accepted requests made by CEO Ricardo Vescovi and Operations Director, Kleber Terra, for a temporary withdrawal from their current positions. Samarco is a joint venture between BHP...

Nine known fatalities confirmed after Samarco tailings collapse

Samarco, BHP and Vale's joint venture iron ore company in Brazil early this morning announced nine known fatalities following the collapse of its tailings dam, Fundão, on 5 November 2015. Four people previously unaccounted for have...

BHP/Vale CEO’s pledge support following Samarco tailings dam collapse

International – As an immediate step following the collapse of the Fundão tailings dam, in Minas Gerais, Brazil last week, the BHP Billiton and Vale iron ore JV, Samarco, has pledged to support the...

+500 people relocated after BHP/Vale’s Samarco tailings dam collapse in Brazil

Brazil – The BHP Billiton/Vale iron ore JV Samarco has reallocated 136 families/569 people following the collapse of its tailings dam, Fundão, in Minas Gerais, Brazil on Thursday, 5 November 2015. Details are still emerging...

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