Samarco resumes operations 5 years after Fundão dam tragedy
The company expects initial production of 8 million tonnes of iron ore per year.
The company expects initial production of 8 million tonnes of iron ore per year.
The Bloomberg Commodity Spot Index rose 1.3% on Thursday to its highest since 2014.
A series of deadly mining accidents has hit output, while self-imposed import restrictions -- including on key supplier Australia -- limit shipments from overseas.
The mine currently employs over 650 workers in the province.
Conflicts with indigenous communities have stalled operations at Ecuador's San Carlos Panantza copper mining project.
Rio Tinto's legal destruction of ancient Australian rockshelters showed the mining sector was exposed to material investment risks without more reforms.
The injection of billions of reais into funds are to be managed by the state government.
Vedanta plans to use the money to finance a buyback offer for $670 million of notes maturing in June 2021.
Project will deliver a net economic benefit to the state of up to A$174 million and create ongoing employment for 205 people.
The parliamentary inquiry into Rio's destruction of a 46,000-year-old sacred Aboriginal site in May did not refer to what financial compensation the miner should pay.