logo
Plus   Neg
Share
Email

BHP Approves Funding For Restart Preparation Of Samarco's Operations

BHP Group plc (BHP.AX,BLT.L,BBL,BHP) has approved $44 million for BHP Billiton Brasil Ltda's share of funding for work related to the restart of Samarco operations at its Germano complex in Minas Gerais, Brazil. Samarco's operations were suspended following the failure of the Fundão dam in 2015.

Samarco has obtained all environmental licenses required to progress towards operational restart. BHP said the funding will enable the construction of a filtration plant over the next 12 months and the commencement of operation readiness activities.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Pfizer said Friday it reached a multi-year deal with Gilead Sciences to manufacture and supply Gilead's investigational antiviral remdesivir for COVID-19 patients. Ferring Pharmaceuticals US is recalling various nasal sprays citing superpotency or amounts of desmopressin higher than specified, the U.S. Food and Drug Administration announced in a statement. The recall involves all lots on the market of DDAVP Nasal Spray 10 mcg/0.1mL, Desmopressin Acetate Nasal Spray 10 mcg/0.1mL, and STIMATE Nasal Spray 1.5 mg/mL. U.S. President Donald Trump has issued executive orders to ban Chinese mobile application TikTok as well as WeChat, citing a threat to national security and its economy. China's ByteDance Ltd. owns TikTok, a video-sharing mobile app, while Tencent Holdings Ltd. owns WeChat, a messaging, social media, and electronic payment app.
RELATED NEWS
Follow RTT