Brazil's Vale Hopes For Samarco Restart in Mid-2017
November 29 2016 - 12:50PM
Dow Jones News
RIO DE JANEIRO--Brazilian mining giant Vale SA (VALE) on Tuesday
said it hopes to restart in mid-2017 operations at Samarco
Mineracao SA, a joint venture that has been shut down since a major
accident last year.
Vale and its partner in the venture, Australia's BHP Billiton
Ltd. (BHP), had disagreed in recent months over how to proceed with
the restart. At the company's annual investor day on Tuesday,
however, Vale General Counsel Clovis Torres said the dispute was
ironed out at a meeting last week.
Write to Paul Kiernan at paul.kiernan@wsj.com
(END) Dow Jones Newswires
November 29, 2016 12:35 ET (17:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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