Bankrupt miner Samarco Mineracao SA plans to receive a 1.2-billion reais ($238-million) debtor-in-possession loan extended by its controlling shareholders, Vale SA and BHP Group Ltd, to maintain its activity, according to court documents reviewed by Reuters. But a group representing 80% of Samarco's debt excluding Vale and BHP oppose the move, saying the DIP financing goal would be to protect Vale and BHP assets.
This content is only available to subscribers.
Forgot your password? Click here
Don't have any login details?Free Trial Access