6th Nov 2015 07:42
LONDON (Alliance News) - BHP Billiton PLC on Friday said it "understands" there has been a "serious incident" at the iron operation in Brazil operated by its partner Samarco Mineracao SA.
The FTSE 100-listed giant holds a 50% stake in Samarco and said it is "concerned for the safety of employees and the local community", but did not reveal any details over what the incident was or any further details.
"We are in the process of obtaining more details from Samarco Mineracao SA. We will provide updated information on the situation as soon as we are in a position to do so," it said in a statement.
The iron ore operation is in Minas Gerais in Brazil, and on BHP's website it states that the Samarco operations are a joint venture with Brazilian giant Vale SA.
By Joshua Warner; [email protected]; @JoshAlliance
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