BHP un­cer­tain when Sa­marco to restart

China Daily (USA) - - BUSINESS -

BHP Bil­li­ton is still un­cer­tain when its Sa­marco joint ven­ture in Brazil will restart, as com­plex ne­go­ti­a­tions with all stake­hold­ers con­tinue. “It has to make eco­nomic sense and have a prac­ti­cal set of ap­provals in place and we con­tinue to work through these pro­cesses,” BHP Bil­li­ton Chief Ex­ec­u­tive An­drew Macken­zie told the com­pany’s an­nual gen­eral meet­ing in Bris­bane on Thurs­day. On Nov 5 last year, Sa­marco’s three tiered tail­ings dam col­lapsed, de­stroy­ing nearby vil­lages and towns, killing 19 peo­ple.

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