Tag: Brazil

THE Samarco joint venture between Vale SA and BHP Group has been given approval to resume operations at the Germano iron ore plant in Brazil, four years after a fatal dam collapse there. It is understood that 10 of the 12 members of Minas Gerais state environmental council, known as Copam, voted in favour of an operational corrective licence for the mine. Samarco has had its operations halted since the 2015 Fundão waste dam collapse that killed 19 people and resulted in flooding across more than 600km in one of the worst environmental disasters in the country’s mining history. The mining dam failure had affected the downstream Santarem dam, causing a “significant release” of mine tailings to flood the nearby...

By Rachel Dally-Watkins 28 April, 2015 IN response to the significant fall in iron ore prices, Centaurus Metals has announced it is unable to pursue standalone development of its Candonga project in southeast Brazil, and would instead pursue opportunities to sell or seek a joint venture partner. Centaurus reviewed the results of its 2014 feasibility study for the direct shipping ore project, confirming the technical and financial viability of the 300,000 tonne per annum project even with the significantly lower current iron ore prices. The review resulted in a 47 per cent reduction in direct pre-capital cost to $1.9 million and a...