BHP News: Brazil miner Samarco faces crunch creditor vote as standoff looms - 23rd Feb 2022, 11:08pm

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By Tatiana Bautzer and Marta Nogueira

SAO PAULO/RIO DE JANEIRO, Feb 23 (Reuters) - Samarco Mineracao faces a possible creditor standoff at meetings starting on Wednesday to vote on debt restructuring proposals which would allow the Brazilian iron ore miner to exit bankruptcy protection.

Creditors of the iron ore joint venture between Vale SA and BHP Group are expected to vote on the latest proposals to restructure some $5 billion in financial debt.

But the two sides remain far apart and if th...

>>> Read more: Brazil miner Samarco faces crunch creditor vote as standoff looms
 
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