Samarco Mineraçao SA has met the licensing requirements to restart operations at its Germano complex in Minas Gerais and its Ubu complex in Espirito Santo in Brazil and has commenced iron ore pellet production. Samarco’s gradual restart of operations incorporates concentrator 3 at the Germano complex and pelletising plant 4 at Ubu, as well as a new system of tailings disposal combining a confined pit and tailings filter system for dry stacking. Independent tests have been carried out on Samarco’s preparations for a safe restart of operations. Samarco expects initially to produce approximately eight million tonnes of iron ore pellets per annum.
The extensive work undertaken by the Renova Foundation to remediate and compensate for the damages of the failure of the Fundao dam in 2015 continues, and BHP Billiton Brasil Ltda. continues to support Renova in its work. By November 2020, Renova had spent approximately BRL 10.7 billion on its remediation and compensation programs. By November 2020, approximately BRL 3.1 billion had been paid in indemnities and emergency financial aid to approximately 325,000 people.
Samarco’s operations were suspended following the failure of the Fundao dam on 5 November 2015.
BHP Billiton Brasil Ltda. and Vale SA each hold a 50 per cent interest in Samarco.