Brazil's Samarco gets court approval to exit bankruptcy proceedings

SAO PAULO, Aug 12 (Reuters) - Brazilian miner Samarco, a joint venture between Vale VALE3.SA and BHP BHP.AX, has received approval from a court in Minas Gerais state to exit bankruptcy protection proceedings, it said in a statement on Tuesday.

The process allowed Samarco to reorganize more than 50 billion reais ($9.28 billion) in liabilities involving around 10,000 creditors, the statement said. The proceedings were triggered by a 2015 dam collapse near the Brazilian city of Mariana which halted operations for several years.

($1 = 5.3896 reais)