Vale-BHP Brazil joint venture Samarco names mining exec as new CFO

By Reuters / November 14, 2018 / www.mining.com / Article Link

RIO DE JANEIRO - Brazil's Samarco Mineracao SA, a joint venture between BHP Billiton and Vale SA, on Wednesday named former Usiminas mining executive Cristina Cavalcanti as its new chief financial officer.

Cavalcanti joins Samarco as it attempts to renegotiate billions of dollars in debt with creditors and restart operations after a tailing dam burst in 2015, killing 19 people.

Cavalcanti previously worked as administrative and financial director at Mineracao Usiminas, the mining unit of steelmaker Usinas Siderurgicas de Minas Gerais SA.

(By Marta Nogueira and Alberto Alerigi Jr.)

Recent News

Base metals outlook for 2026 opaque after decent rise last year

January 07, 2026 / www.canadianminingreport.com

Gold and silver stocks far outpace the major markets

January 07, 2026 / www.canadianminingreport.com

Bank of Japan boosts rates, continuing an unwinding carry trade

December 22, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market slide

December 22, 2025 / www.canadianminingreport.com

Silver inventories rebound in UK, output from major producers rises

December 15, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok