Samarco does not have time to resume operations – Economy



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<img clbad = "lazy" data-original = "https://static.gazetaonline.com.br/_midias/jpg/2018/11/05/605×330/1_cda101115gz414-5863213.jpg" src = "https: //badets.gazetaonline.com.br/gazetaonline-front/v1.38.3/badets/images/placeholder/blank-img-bduplo-ag.jpg "alt =" The activities of the Samarco stop in 2015 have an impact on state revenues

The activities of the stop of the activities of Samarco in 2015 have an incidence on the receipts of the State

Photo: Vitor Jubini | Contact us | GZ

A Samarco which has been closed since 2015, has no turnaround time The mining company Anchieta, Espírito Santo, is expected to resume operations in 2020, but BHP, Anglo-Australian shareholder of the company, said that the activation of the industrial facility would not be possible due to the failure of negotiations on the debt of creditors.

According to a statement p BHP released on Tuesday morning (29), Samarco will "return to operations only if they are safe and economically viable". The decision was made against the refusal of a consensual agreement between creditors and the company to pay debts amounting to $ 3.8 billion, or just over $ 14 billion.

> Samarco owes $ 350 million in Ibama

Samarco also confirmed in a press release that after negotiations, proposals and counter-proposals, the agreement was not signed on time, which ended Monday (28). The miner added that no further negotiations are planned between the parties and that, even if negotiations could resume in the future, there is no guarantee that they will continue or result in a agreement.

Negotiations aimed to restructure financial obligations. the Samarco Export and Debt Obligations expiring in 2022, 2023 and 2024. Discussions have been conducted under a confidentiality agreement with creditors since November 2018; and the documents were published on Monday. > The East State Government wants to report on the MG dams

The activities of Samarco have been interrupted since 2015 after the disaster (28), with the end of the case resolution time. from Mariana, to Minas Gerais, when the Fundão dam was broken with millions of cubic meters of sludge residue, causing the death of 19 people and the devastation of the city of Minas Gerais. After traveling 500 km along the Rio Doce, mud pollution also damaged towns along the coast of Espírito Santo, such as Colatina, Baixo Guandu, Linhares and São Mateus.

In addition, the judgment of Samarco affected the finances of Anchieta, which recorded a 73.7% drop in its gross domestic product (GDP) in 2016. The impact was also felt in the economy of Espírito Santo, which fell by 9.3% over the same period.

> The repetition of environmental tragedy is unacceptable

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