ENVIRONMENT

BHP puts up Samarco funds

BHP has agreed to fund US$211 (A$287) million in financial support for the Renova Foundation and Samarco iron ore mine operating company Samarco Mineracao SA until December 31. The payment is related to the Samarco dam disaster of 2015.

Some of the BHP funds will be used for rehabilitation programs around the Samarco mine. Photo: Senado Federal

Some of the BHP funds will be used for rehabilitation programs around the Samarco mine. Photo: Senado Federal

An amount of US$158 million will be used to fund the Renova Foundation to undertake the remediation and compensation programs identified under the framework agreement between Samarco, Vale, BHP's Brazilian...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.