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Topic

Samarco to sound out bondholders for debt plan, sources say

By: Reuters     25th August 2016 Samarco Mineração, the Brazilian iron-ore joint venture that stopped operations after a dam burst last year, plans to seek bondholder consent to change terms on $2.2-billion of securities or pursue an exchange offer, two people with knowledge of the situation said on Wednesday. According to one... 

Stalled BHP-Vale mine said seeking waiver on bank repayments

By: Bloomberg     13th August 2016 Brazilian miner Samarco is seeking a standstill agreement on about $1.6-billion in bank loans as its owners BHP Billiton and Vale refuse to cover debt payments, people with knowledge of the matter said. The iron-ore venture, whose operations were halted last year after a dam spill, is asking... 

Samarco mine, Brazil

By: Sheila Barradas     20th May 2016 An iron-ore mine, located in the state of Minas Gerais, in south-east Brazil. 

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