Solaris exits Canada for Switzerland with new CEO, board and spin-out plans
The company changed its board of directors and plans to spin out non-core assets La Verde, Capricho, and Paco Orco into a new company.
Samarco started its first iron ore shipment on Monday after restarting operations in December, five years after Fundão dam tragedy.
According to the company, approximately 75,000 tonnes of iron ore pellets will be shipped from Brazil to Europe.
The company resumed its operations on December 23, with 26% of its total production capacity, which represents the production of about 7-8 million tonnes of iron ore per year.
Samarco’s operations were suspended following the failure of the Fundão dam in November 2015.
The dam, owned by Samarco – controlled by Vale and BHP – burst, releasing 39.2 million cubic meters of tailings waste in the Rio Doce Basin, killing 19 people. It was considered Brazil’s worst environmental disaster.
Samarco’s gradual restart of operations incorporates concentrator 3 at the Germano complex in Minas Gerais state and pelletising plant 4 at Ubu, Espirito Santo state, as well as a new system of tailings disposal combining a confined pit and tailings filtering system for dry stacking.
The company estimates that in 2029 it should reach a production scale between 22 million and 24 million tonnes of iron ore per year, the same level as before the tragedy.
