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International

Marta Nogueira

Vale, BHP propose 1.2 billion reais DIP financing for Samarco, creditors oppose

Jun 16 2021

RIO DE JANEIRO/SAO PAULO (Reuters) -Bankrupt miner Samarco Mineracao SA plans to receive a 1.2 billion reais ($238 million) debtor-in-possession loan extended by controlling shareholders Vale SA and BHP Group Ltd, according to court documents reviewed by Reuters.

Brazil miner Samarco offers creditors shares or 85% haircut - sources

Jun 10 2021

RIO DE JANEIRO Samarco Mineracao SA, a bankrupt joint venture between Brazilian miner Vale SA and BHP Group Ltd, proposed on Thursday a plan to restructure 50 billion reais ($10 billion) in debt with an offer of preferred shares or a cash payout in 2041 equal to 15% of the current value of holdings, sources said.

Vale's decomissioned Brazil dam at risk of collapse, labor body says

Jun 09 2021

RIO DE JANEIRO (Reuters) -Iron ore miner Vale SA's decomissioned Xingu dam is at "imminent risk of collapsing," according to a statement on Wednesday by the Regional Labor Department for the southeastern Brazilian state of Minas Gerais.

Petrobras' Bolivian unit has accounts blocked amid land dispute -sources

May 26 2021

RIO DE JANEIRO, May 26 Petrobras Bolivia SA, a unit of the Brazilian state-run oil company, has had its accounts blocked by a Bolivian court amid a dispute with a family over the ownership of land in one of its main gas fields there, two sources told Reuters.

Brazil's Vale set to receive first-ever wind-powered ore carrier

May 13 2021

RIO DE JANEIRO, May 13 Brazilian miner Vale expects to receive in coming weeks its first-ever mineral transport ship propelled in part by sails, the company said on Thursday.

UPDATE 1-Brazil's Petrobras lowers fuel prices even as oil rises internationally

Apr 30 2021

RIO DE JANEIRO, April 30 Brazil's Petrobras will reduce diesel and gasoline prices at refineries by about 2% on Saturday, the state-run oil company said on Friday, the first fuel price adjustment since Chief Executive Joaquim Silva e Luna formally took charge.

Brazil's Petrobras lowers fuel prices even as oil rises internationally

Apr 30 2021

RIO DE JANEIRO, April 30 Brazilian oil company Petrobras will reduce diesel and gasoline prices at refineries by about 5 cents per liter from Saturday, the Brazilian Association of Fuel Importers (Abicom) and consultancy and brokerage StoneX said on Friday.

Petrobras first-quarter production buoyed by Atapu, hit by divestments

Apr 27 2021

RIO DE JANEIRO Brazil's Petrobras produced 2.196 million barrels of oil a day in the first quarter, the state-run company said on Tuesday, an increase from the fourth quarter, but a decline in yearly terms.

Petrobras CEO nods to price parity, deepwater investment in market-pleasing speech

Apr 19 2021

RIO DE JANEIRO Joaquim Silva e Luna, the new chief executive of Brazil's Petrobras, will look to respect the company's current pricing policy and keep investing in deepwater assets, he said at his swearing-in ceremony on Monday.

UPDATE 1-Board member at Brazil's Petrobras resigns amid legal confusion

Apr 16 2021

RIO DE JANEIRO, April 16 Petrobras board member Marcelo Gasparino has tendered his resignation, the state-run oil firm said on Friday, just four days after his election to the post, creating a potential eleventh-hour hurdle for its nearly complete management transition.

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