Samarco iron ore mine
Samarco is a 50/50 Brazilian joint venture (JV) between Vale and BHP. The company runs a fully integrated iron ore mining, concentration, transport and pelletising operation. Pellets are shipped to the seaborne export market from the company's port facility at Ponta Ubu in Espírito Santo state. On 5 November 2015, two of Samarco's tailings dams ruptured causing extensive flooding and mudslides which culminated in the death of 19 people. Since then, operations at Samarco have been halted. Just more than five years after the event, in December 2020, the company announced it was resuming operations after receiving the Corrective Operation Licence (LOC) from the State Council for Environmental Policy (COPAM). Following changes to environmental and regulatory frameworks for mining in Brazil in 2019, Samarco was forced to adjust its mining and tailings disposal assumptions. That means the company's ultimate capacity rate is now expected just by 2030.