- BHP said it had approved $44m for work needed to restart operations of one concentrator at its Samarco mine in Brazil.

Samarco's operations were suspended following the failure of the Fundao dam on 5 November 2015.

The funding would enable the construction of a filtration plant over the next 12 months and the commencement of operation readiness activities for restart, the company said.

'The restart can occur when the filtration system is complete and Samarco has met all necessary safety requirements, and will be subject to final approval by Samarco's shareholders,' the company said.

Samarco had obtained all environmental licenses required to progress towards operational restart.

At 8:03am: [LON:BHP] share price was +14.5p at 1649.3p

Story provided by