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EYEBROW

29 September 2017
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EYEBROW

26 September 2017

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The Birimian: plenty more where that came from

A mix of old and new discoveries will keep geologists coming back for more

West Africa holds onto junior appeal

Discovery potential worth the accompanying challenges

Permitting resolution sees Pebble progress

Northern Dynasty pursuing smaller project without cyanide

Trilogy on the road to progress at Ambler

Alaska project owner gets ready to start permitting procedure

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Commodities > Bulks

Samarco to sack 600 workers

Union Metabase Mariana says it will work with Samarco Mineracao on a voluntary redundancy programme to “soften the situation” after the company announced it would lay off 600 workers by December.

Staff reporter

Commodities > Bulks

Samarco to sack 600 workers

Union Metabase Mariana says it will work with Samarco Mineracao on a voluntary redundancy programme to “soften the situation” after the company announced it would lay off 600 workers by December.

Staff reporter

Samarco to sack 600 workers

Company “paralysed” since disastrous dam collapse

The Brazil company, which has been in limbo since the disastrous Fundão dam collapse in November 2015, met with unions Metabase and Sindimetal (ES) late last week to explain cutting its 1,735-member workforce to 1,135.

In a translated statement, Metabase president Angelo Eleutério said Samarco's justification was that it had been "paralysed for two years and that there is no return forecast".

In a positive development for Samarco, the joint venture company between Vale SA (BZ:VALE5) and BHP (AU:BHP), the regulator responsible for granting licenses announced it would hold a hearing on November 24 to discuss the first permit required for the iron ore mine to reopen, Bloomberg reported.

Meanwhile, BHP and Vale are believed to have closed a deal to distance themselves from US$53 billion in lawsuits over the tailings spill.

The parties have requested a further 150-day suspension of two civil suits, according to the wire service, to allow consultants to complete a broader assessment of damages.

 

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