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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| BHP Group Limited | ASX:BHP | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.09 | -0.20% | 45.32 | 45.22 | 45.30 | 45.42 | 44.74 | 45.10 | 8,440,102 | 09:50:00 |
From Apr 2019 to Apr 2024
By Rhiannon Hoyle
BHP Group Ltd. said the decision by its Brazilian joint venture with Vale SA to file for judicial reorganization is a last-resort response to legal actions from creditors in the U.S. and Brazil.
Samarco Mineração SA on Friday filed for court protection in Belo Horizonte after freezing orders against Samarco's accounts that threaten its iron-ore mining operations, BHP said.
"It was filed after unsuccessful attempts by Samarco to negotiate a debt restructure with these creditors" and is a means for Samarco to restructure its debt to establish a sustainable fiscal position, BHP said.
BHP and Vale each hold a 50% stake in Samarco, which recently restarted operations after a fatal dam collapse in 2015.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
April 11, 2021 18:45 ET (22:45 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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