Process began after crisis generated by the breaking of mining tailings in 2015, in MG, which led to the stoppage of its activities for years
Samarco, Vale’s Joint Venture with BHP, obtained authorization from the Minas Gerais Court for the termination of its judicial recovery process, through which passive liabilities exceeding R $ 50 billion with approximately 10,000 creditors were restructured, the mining company said on Tuesday.
The process began after a crisis generated by the deadly break of a company’s mining dam in November 2015 in Mariana (MG), which led to a stoppage of its activities for years.
Samarco has again produced iron and pellets at the end of 2020 and currently operates 60% of its productive capacity and has about 16,300 direct and hired employees.
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The company is expected to reach 100% of its capacity by 2028, or a production scale of about 26 to 27 million tons of pellets and iron ore.
