Business · Companies · 9 hrs ago
Samarco posts smaller third-quarter loss as repair costs fall
Samarco reported a $544.3 million net loss in the third quarter of 2026, 48% smaller than its loss a year earlier.
The Brazilian mining company is a joint venture of Vale and BHP.
Its results still include costs for repairing the Rio Doce basin after a deadly dam collapse in Mariana in 2015.
Those repair costs fell to $610.3 million from $1.63 billion a year earlier, while lower financial expenses also helped reduce the loss.
Samarco’s revenue rose 2% to $450.3 million, but adjusted EBITDA fell 3% as costs increased.
Production reached 4.3 million tonnes, its highest since operations restarted in late 2020, while sales fell 5% to 3.9 million tonnes.
The company gave no new timetable for its repair work or other next steps.
Samarco reported a net loss of US$544.3 million in the third quarter of 2026, down 48% from the same period a year earlier.
The company said the smaller loss mainly reflected lower repair-related and financial expenses.
Socio-environmental repair expenses fell to US$610.3 million from US$1.63 billion a year earlier.
Net revenue rose 2% to US$450.3 million, while adjusted EBITDA fell 3% to US$222.1 million.
Production of iron ore pellets and fines reached 4.3 million tonnes, the highest quarterly output since operations resumed.
- Who
- Samarco, a joint venture of Vale and BHP.
- What
- It reported a net loss of US$544.3 million for the third quarter of 2026, smaller than a year earlier.
- When
- The third quarter of 2026; the results were published on November 9, 2026.
- Where
- Not stated
- Why
- The loss narrowed mainly because repair-related and financial expenses were lower.
This story does not have two clearly opposing sides.
One of Samarco’s dams ruptured in Mariana, Minas Gerais, creating the company’s repair commitments.
Samarco resumed operations.
Samarco recorded a net loss of US$544.3 million and produced 4.3 million tonnes of iron ore pellets and fines.
Samarco published its third-quarter financial results.
- Net loss
- US$544.3 million in the third quarter of 2026
- Repair expenses
- US$610.3 million in July–September 2026
- Net revenue
- US$450.3 million in the third quarter of 2026
- Adjusted EBITDA
- US$222.1 million in the third quarter of 2026
- Production
- 4.3 million tonnes of pellets and iron ore fines in the third quarter of 2026
- Sales
- 3.9 million tonnes, down 5% year on year
What people are saying
The third-quarter results demonstrate the resilience of our operations and the consistency of our deliveries. We achieved the highest quarterly production since the restart and kept sales volumes stable compared with the previous quarter.
This performance reinforces our path of gradual and sustainable progress.