02
Aug
08:42
Samarco files restructuring debt plan
Brazilian miner Samarco has filed a judicial recovery plan to the 2nd Commercial court of Belo Horizonte in the Minas Gerais state, the pellet producer tells Kallanish.
This was possible after the company previously reached a binding agreement with its co-owners Vale and BHP Billiton, and certain creditors that hold more than 50% of its notes and uncovered bank debt claims for its debt restructuring.
"The plan allows Samarco to continue investing at a s…
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Very good overview of the weekly steel market.
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