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Samarco and creditors to go through mediation about debt restructuring
Wednesday, June 22, 2022 - 13:31:19
Reuters
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Judge Adilon Resende had scheduled a conciliation hearing between the company and its creditors on Tuesday as the parties offered competing debt restructuring plans. The formal mediation will begin next month, the decision added.
The plan initially proposed by Samarco, a joint venture of miners Vale SA and BHP Group, was rejected by financial creditors in April.
The creditors and unions representing Samarco’s employees, with the company support, filed competing restructuring plans last month.
http://www.miningnewspro.com/en/News/621603/Samarco and creditors to go through mediation about debt restructuring
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