Samarco, a Vale-BHP joint venture, plans to raise $2 billion in restructuring

SAO PAULO (Reuters) – Brazilian miner Samarco Mineracao SA, an iron ore joint venture between Vale SA e BHP Group Ltd, plans to raise $2 billion in fresh capital as part of its plan to exit bankruptcy protection, according to court documents.FILE PHOTO: A view of the Samarco mine, owned by Vale SA and BHP… Continue reading Samarco, a Vale-BHP joint venture, plans to raise $2 billion in restructuring

BHP, Vale Samarco JV files for Brazil bankruptcy protection

FILE PHOTO: The logo of the Brazilian mining company Vale SA is seen in Brumadinho, Brazil January 29, 2019. REUTERS/Adriano Machado/File PhotoRIO DE JANEIRO (Reuters) – Samarco Mineracao SA, a joint venture between Brazilian miner Vale SA and BHP Group Ltd, has filed for bankruptcy protection to prevent creditors’ claims from affecting its operations, Vale… Continue reading BHP, Vale Samarco JV files for Brazil bankruptcy protection