IRON-ORE
The Samarco iron-ore mine in Brazil is facing one more obstacle to restarting operations later this year after a court accepted a request by prosecutors to protect a forested area that encompasses a pit the venture had planned to use for storing waste. The BHP Billiton-Vale joint venture had hoped to resume operations later this year after a 2015 dam collapse that killed as many as 19 people. The company’s ability to service about $4-billion in debt obligations hinges on the restart.
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