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BHP Reviews Mine Operations Management After Dam Disaster

BHP Billiton Ltd. said it’s reviewing the operating structure of mining joint ventures with companies including Glencore Plc and Anglo American Plc in the wake of the deadly Brazil mine disaster.

The world’s biggest mining company is reviewing Samarco Mineracao SA, its joint iron ore operation with Vale SA in Brazil’s Minas Gerais state, after tailings dams burst Nov. 5, sending a torrent into a valley below and killing at least nine people. It’ll also assess the Antamina copper operation in Peru and its Cerrejon coal venture in Colombia, BHP Chief Executive Officer Andrew Mackenzie told investors Monday on a conference call.

Three of its mining joint ventures - Samarco, Antamina and Cerrejon - are operated by standalone entities owned by the partners, while in BHP’s petroleum business one of the partners acts as the operator, he said. BP Plc and Chevron Corp. are among BHP’s oil partners. Of 19 major assets in its portfolio of wells to mines, BHP operates 12 of...


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