"Vale Sa" Archives

Vale, BHP forced to Pay Off Samarco’s Debt by Brazilian Prosecutors

by Amruth Sundarkumar | Aug 20, 2021 | High Yield Bonds

Vale SA and BHP Group Ltd face pressure to payoff their Samarco joint venture’s BRL 50.7bn ($9.5bn) debt, as Brazilian prosecutors requested a bankruptcy court to compel repayment. Samarco struggled to restructure its debt, after a dam burst in a mine in 2015,...

Vale & BHP JV Samarco Files for Bankruptcy Protection

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...

Vale’s Legal Battle With Billionaire Over Iron Ore JV Worsens

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...

Vale, BHP forced to Pay Off Samarco’s Debt by Brazilian Prosecutors

Vale & BHP JV Samarco Files for Bankruptcy Protection

Vale’s Legal Battle With Billionaire Over Iron Ore JV Worsens

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Vale, BHP forced to Pay Off Samarco’s Debt by Brazilian Prosecutors

Vale & BHP JV Samarco Files for Bankruptcy Protection

Vale’s Legal Battle With Billionaire Over Iron Ore JV Worsens

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