Samarco to add revenue, hit output goal sooner after Vale deal
RIO DE JANEIRO/SAO PAULO - Brazilian miner Samarco is expected to add $5.1-billion in net revenue by 2042 and bring forward its iron-ore output goal after signing a 20-year production agreement with Vale SA, it said on Thursday.
Samarco, an iron ore joint venture of Vale and BHP Group, is looking to hit its output guidance sooner than expected as it now plans to resume production at its C#2 and C#1 ventures in 2026 and 2029, respectively, from previous expectations for 2028 and 2030.
The miner expects to reach total production of 25.7-million tonnes of iron ore pellets in 2030, a year earlier than previously projected.
The company has been operating at a reduced capacity since late 2020, when it resumed production after being shut for five years following the deadly collapse of a tailings dam near the city of Mariana in the state of Minas Gerais, which killed 19 people and caused massive environmental damage.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















