29
Dec
14:32
Creditors reject Samarco restructuring plan, seek new controller
Brazilian iron ore miner and pellet producer Samarco, co-owned by Vale and Australia's BHP Billiton, has been unable to reach an agreement with creditors on the restructuring of its debt under a bankruptcy protection plan.
The company filed for bankruptcy protection in 2021 to avoid early payment to some bondholders to preserve its cash flow and resume full production.
Creditors rejected a first proposal from the company in July. Subs…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous