According to Reuters, Samarco, a joint venture between Brazil's Vale SA VALE5.SA and Australia's BHP Billiton BLT.L, expects to restart iron ore production at its mine in Minas Gerais by the start of the fourth quarter at reduced capacity, Chief Executive Roberto Carvalho told Reuters on Thursday.
The company was forced to shut the mine after a deadly dam burst in November. Production for the initial two to three years would likely be 19 million tonnes per year of iron ore pellets, compared with a previous capacity of 30 million tonnes, Carvalho said.
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