We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Vale SA | NYSE:VALE | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.09 | 0.72% | 12.61 | 12.67 | 12.45 | 12.65 | 23,144,400 | 00:30:38 |
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.
1 Year Vale Chart |
1 Month Vale Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions