30
Jun
08:12
Vale to make short-term funding available to Samarco
Brazilian miner Vale tells Kallanish that it intends to make available short-term facilities of to Samarco to support its operations in the second half of 2017, without undertaking an obligation from Vale to Samarco.
Vale will make available up to $76 million, it says, with funds released on an as-needed basis. Likewise, BHP Billiton Brasil Ltda. intends to make available to Samarco short-term facilities with similar terms and conditions as mentioned above, the …
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Very good overview of the weekly steel market.
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