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Samarco misses another interest payment

Oct. 25, 2016 4:38 AM ETVale S.A. (VALE) StockBHP, VALEBy: Yoel Minkoff, SA News Editor10 Comments
  • "Samarco continues to explore options to restructure its debt," according to a statement the from iron ore mining joint venture owned by Vale (NYSE:VALE) and BHP Billiton (NYSE:BHP).
  • The company just missed its second bond payment for October, but has 30 days to remedy the situation, as it deals with the fallout from suspending its operations following last year's dam disaster.

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