BHP Reviews Two Other Mining Joint Ventures Following Samarco Dam Disaster
Mining Weekly reported that BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT) is reviewing two other mining joint ventures in Peru and Colombia after the Samarco iron ore dam disaster in Brazil. As quoted in the market news: BHP told analysts and investors it was examining the structures of its Cerrejón coal joint venture in Colombia and its Antamina copper/zinc …
Mining Weekly reported that BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT) is reviewing two other mining joint ventures in Peru and Colombia after the Samarco iron ore dam disaster in Brazil.
As quoted in the market news:
BHP told analysts and investors it was examining the structures of its Cerrejón coal joint venture in Colombia and its Antamina copper/zinc JV in Peru after the Brazil disaster.
Two dams collapsed on November 5 in south-east Brazil, killing nine people and coating a two-state area with mud and mine waste. The Brazilian mine is owned and operated by Samarco Mineração, a joint venture of Anglo-Australian BHP and Brazil’s Vale. ”
We will look into, for our own benefit … the arrangements that we have at Samarco which mirror similar arrangements we have at Antamina and Cerrejón,” BHP CEO Andrew Mackenzie told a conference call.
BHP has two types of joint ventures where it does not operate the mines, he added, according to a transcript of his comments released by the company. Under some ventures, mostly in its petroleum business, another party is the operator, while in Samarco, Cerrejón and Antamina, there is a standalone company that is jointly owned.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1963.31 | -13.16 | |
Silver | 22.54 | +0.04 | |
Copper | 4.00 | +0.05 | |
Palladium | 1713.17 | 0.00 | |
Platinum | 1087.26 | 0.00 | |
Oil | 68.60 | +0.96 | |
Heating Oil | 2.54 | -0.02 | |
Natural Gas | 2.15 | -0.07 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.