Samarco restart in 2020

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Via Argues:

Brazil’s Samarco mine is likely to restart in early 2020, bringing a major source of high-grade iron ore back into the market, mining company Vale’s chief executive Fabio Schvartsman said today.

“The worst part seems to be behind us,” Schvartsman said of the process to bring Samarco back on line after a fatal dam rupture in November 2015, adding that “it will start most likely in the beginning of 2020”.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.