Business
BHP (ASX:BHP) share price on watch after Samarco update
The BHP Group Ltd (ASX: BHP) share price will be one to watch this morning after the release of an update.
What did BHP announce?
This morning BHP provided an update on its Samarco operation in Brazil, which is co-owned with Brazilian mining giant Vale.
According to the release, Samarco has now met the licensing requirements to restart its operations at the Germano complex in Minas Gerais and its Ubu complex in Espírito Santo, Brazil. As a result, the mining giant has commenced iron ore pellet production.
This comes just over five years since Samarco’s operations were suspended following the failure of the Fundão dam on 5 November 2015. That dam failure led to the tragic loss of 19 lives at the operation.
Management advised…
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