BHP and Vale’s beleaguered Samarco joint venture in Brazil has been hit with an almost $1 billion lawsuit from noteholders who accuse the company of ignoring their requests to restructure their debt.
News ID: 10111 Publish Date : 2021/02/02
Brazil’s federal prosecutors’ office has threatened to revive a 155 billion reais ($37 billion) lawsuit against Vale SA and BHP Group, citing delays in helping survivors of a deadly dam burst at their Samarco joint venture, a source close to ongoing talks on the matter between the companies and prosecutors told Reuters.
News ID: 8306 Publish Date : 2020/01/17
A Brazilian mining joint venture between Vale SA and BHP Group Plc, paralyzed after a fatal dam collapse, is soon expected to resume talks to restructure $4 billion in defaulted debt in coming weeks, two sources with knowledge of the matter said.
News ID: 7629 Publish Date : 2019/11/06
BHP has approved $44 million for the restart of operations at Samarco Mineração, its iron ore joint venture with Vale in Brazil, four years after a deadly dam collapse that killed 19 people and became the worst environmental disaster in the country’s history.
News ID: 7136 Publish Date : 2019/11/02
Iran: Sanctions to Eat into Exports?
News ID: 3257 Publish Date : 2019/01/14
Brazilian pellet maker Samarco to start pellet operations in early 2020, which was closed since 2015
News ID: 2963 Publish Date : 2018/12/18
The Indian iron ore industry is on the cusp of a new phase of growth and exports, which were heading southwards for the past few months, are beginning to swell once again. Iron ore export shipments in November 2018 stood at an impressive 0.83 MnT, almost double that of the preceding month’s 0.42 MnT.
News ID: 2960 Publish Date : 2018/12/18
Brazil's federal government and two states are suing Samarco , an iron ore miner jointly owned by BHP Billiton and Vale, for $5.3 billion over a catastrophic tailings dam burst that devastated the country's second largest river system, the Rio Doce.
News ID: 87 Publish Date : 2015/11/29