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Vale-BHP's Samarco no longer sees operations resuming this year

Reuters - UK Focus

RIO DE JANEIRO, June 15 (Reuters) - Brazilian miner Samarco, a joint venture between Vale SA and BHP Billiton (NYSE: BBL - news) , no longer expects to resume mining operations this year, Benedito Waldson, the company's head of human resources told Reuters on Wednesday.

The lack of clarity of when the company would receive the necessary licenses to restart operations had forced the company to move to lay off over 1,000 workers, Waldson said. The Samarco iron ore mine was closed last November after a deadly tailings dam spill. (Reporting by Marta Nogueira)