# BHP has approved US$44 million for Samarco funding

- Link: https://www.directorstalkinterviews.com/bhp-has-approved-us44-million-for-samarco-funding/412796934
- Published: 2019-11-01T08:03:46+00:00
- Author: Amilia Stone

**BHP **(LON: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 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.

Further information on BHP can be found at: **bhp.com**

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