IRON-ORE
BHP Billiton and Vale’s crippled Samarco mine, once the world’s second-largest producer of iron-ore pellets, has a new obstacle threatening to slow its much-anticipated restart: a small-town mayor. The Brazilian city of Santa Barbara declined to sign off this week on a plan for Samarco to continue to use water from a nearby river. Without the approval, Samarco won’t be able to complete an ongoing environmental study required by state regulators for a restart, a person familiar with the matter said, asking not to be identified because the matter is private.
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