Samarco Operations
We hold a 50% interest in Samarco, a non-operated joint venture in Brazil. The company employs around 15,000 people directly and indirectly and produces iron ore pellets through its operating units in Minas Gerais and Espírito Santo states.
The Samarco Fundão dam failure in 2015 was a terrible tragedy. It should never have happened and must never be forgotten. As shareholders in the Samarco non-operated joint venture, BHP Brasil has always been committed to supporting Samarco to do what’s right by the Brazilian people, communities, organisations, and environments affected by the dam failure.
Reparation actions
Established by Brazilian public entities and the companies in 2016, the Renova Foundation was responsible to carry out the repair and compensation actions until 2024, when a new agreement was signed. The 42 programs overseen by the Renova Foundation will then be closed and all reparation measured will be taken over by Samarco or the Federal or States governments.
