Samarco’s corporate governance is the system according to which the company is directed, monitored and supported. It involves relationships among shareholders, the board of directors, executive board, supervisory and control bodies and other stakeholders, based on the principles of equity, transparency and responsibility regarding information.
This structure allows shareholders to effectively monitor business results, ensure compliance with laws and regulations, and align the company’s values, goals and strategies.
It comprises the presidency and seven directorates, which closely monitor the day-to-day operations of the business and the execution of its strategic plan. Meet Samarco’s leadership team below:
President
Strategy, Finance and Supply Director
Chief Legal & Risk Officer
Technical and Project Director
Operations Director
Chief Commercial Officer
Sustainability, Government Relations, and Communications Director
Audit and Compliance Director
The company has a Board of Directors – a collegiate body with decision-making authority – that provides strategic direction for the business. It comprises twelve members nominated by the shareholders – six standing members and six alternates – serving three-year terms with the possibility of re-election. Its primary responsibilities are set forth in Samarco’s Bylaws.
With the lessons learned, we implemented the necessary changeswrite a new chapter and rebuild trusting relationships with society. We resumed our operations in a different way, with new technologies and greater safety, seeking to always generate lasting value for the communities where we operate.
Since the approval of the Corrective Operation License (LOC), in October 2019, we have had all the environmental licenses required to resume our activities. However, we chose to wait until the implementation of the filtration system, completed in December 2020, which allows the dry stacking of 80% of the tailings generated. The rest will be disposed of in a confined pit, which allows for natural and safer containment.
Our operational ramp-up is gradual, initially at 26% of production capacity, with the reactivation of one of the three concentrators in the Germano Complex, in Mariana (MG), of one of the four pellet plants at the Ubu unit, in Anchieta ( ES), and operation of one of the pipelines.We remain committed to seeking lasting value for the communities in our projects and operations, that strengthen the industry and contribute to a different and more sustainable approach to mining.
