SAMARCO RESETTLEMENT BY 2020
LEADING global mining and metals company BHP Billiton expects to complete the resettlement of the community affected by the 2015 Samarco Dam burst in Brazil in the next two years. Speaking at the company’s annual general meeting in Australia yesterday, BHP Billiton chief executive Andrew Mackenzie said the company had made progress on the redevelopment of the communities affected by the dam failure in 2015. “Based on current planning, it is expected that all resettlements will be completed by 2020,” he said. In October Brazilian prosecutors reached a final compensation deal with mining companies Samarco, Vale and BHP Billiton, paving the way for compensation to relatives of the 19 people killed in the disaster and to people who lost their houses and other properties. The company said the Renova Foundation had distributed almost ten thousand financial assistance cards to residents, including registered and informal commercial fishermen whose livelihoods were impacted by the dam failure. BHP has trimmed its portfolio to 13 operated assets, to focus on assets that produce strong cash flows.