by bondevalue | Apr 12, 2021 | High Yield Bonds
Samarco Mineracao SA, Vale SA and BHP Group Ltd’s joint venture, filed for bankruptcy protection in a bid to prevent creditors’ claims to impact operations. Samarco faces litigation from bondholders holding almost $5bn in debt, after a dam at the Samarco mine complex...
by bondevalue | Mar 30, 2021 | High Yield Bonds
The legal disputes between Brazil’s Vale and Beny Steinmetz over a failed iron ore joint venture in Guinea has taken a new dimension as Steinmetz claims that Vale concealed from its shareholders the risks involved in the Simandou development deal. As part of the...
