Vale says Samarco future reliant on its infrastructure

Samarco, the troubled joint venture between Vale SA and BHP Billiton, will need to use infrastructure from Vale's neighboring mines if it wants to secure a long-term future, Vale's CEO said on Thursday. BHP Billiton and Vale did not currently see eye-to-eye about how to restart Samarco's mine, which was shut last year after a deadly dam burst, Murilo Ferreira said on a conference call to discuss third-quarter results. Earlier on Thursday, Vale posted third quarter net profit of $575-million.