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.
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.
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.
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.
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
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.
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.
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.
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.
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.