Samarco can cover fixed costsfor 'reasonable period': Vale

摘要

Iron ore and pelletizing plantSamarco is able to generate enough income tocover the bulk of fixed costs for a “reasonableperiod of time” until it can resume operations,Vale Chief Financial Officer Luciano Siani said.The 50:50 joint venture between Vale andBHP Billiton in Minas Gerais state is undera government-imposed embargo after thecollapse of two tailing dams in the first week ofNovember.