11
Jun
08:00
Samarco files for judicial recovery plan
Brazilian iron ore miner and pellet producer Samarco, co-owned by Vale and Australia's BHP Billiton, has filed the judicial recovery plan (JR) terms and conditions of payment to its creditors, Kallanish notes. It is part of the bankruptcy protection process already accepted by the Brazilian courts and will allow the company to maintain its production activities, the miner explains.
“Samarco’s terms are adequate and present the best solution th…
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