Vale, BHP support key to Samarco future after dam tragedy

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Vale, BHP support key to Samarco future after dam tragedy

Oliver West
November 12, 2015 05:00 AM
Samarco, Brazil, dam disaster
In this Nov. 6, 2015 photo, homes lay in ruins after two dams burst the previous day, flooding the small town of Bento Rodrigues in Minas Gerais state, Brazil. Searchers used small airplanes and a drone to look for missing people after dams broke inside an iron ore mine. The mine operator Samarco is jointly owned by the Brazilian mining company Vale and Australia's BHP Billiton. (AP Photo/Felipe Dana) | Felipe Dana/AP/Press Association Images

The level of support that Brazilian iron ore pellet producer Samarco Mineraçao’s high profile shareholders provide the company could determine just how serious the effects of last week’s dam accident will be, said Fitch on Wednesday.

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Oliver West
US Bureau Chief - Latin America Editor
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