Samarco Clarifies
21/12/2016
Samarco, Vale and BHP Billiton sign preliminary agreement for the use of the Timbopeba pit for tailings disposal by Samarco
On Tuesday, December 20, Samarco, VALE and BHP Billiton signed a preliminary agreement for the use by Samarco of VALE´s Timbopeba pit for tailings disposal, should the Company resume operations. The agreement provides for the transfer of the pit to Samarco, who, in compensation, will supply VALE with run-of-mine (ROM) ore for a period yet to be defined. A definitive agreement will depend on a successful negotiation between the Parties, the due diligence and the necessary government approvals, which should take place in 2017.
The use of the Timbopeba pit is part of the medium and long range studies for Samarco to resume operations. At the moment, the Company is seeking to obtain the environmental licenses required for the disposal of tailings in the Alegria Sul pit, which would provide it with an operating horizon of two years, as well as the Corrective Operational License for the Germano complex as a whole.
Check out other official positionings by Samarco: