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BHP says Brazilian court approves Samarco debt reorganisation planOn Sept. 1, the Second Business Court of Belo Horizonte, State of Minas Gerais, formalised the restructuring plan of Samarco as part of the ongoing proceedings, BHP said. The reorganisation plan for Samarco, which is 50% owned by BHP and 50% by Vale, allows for the Brazilian miner's existing financial debt to be exchanged for up to $3.7 billion of long-term unsecured debt, BHP said. 'The new long-term debt will remain non-recourse to Samarco's shareholders, BHP Brasil and Vale,' BHP said in a statement.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Sexual Harassment Persists at BHP After Millions Spent on Women’s SafetyBHP Group Ltd. chief executive Mike Henry said the world’s biggest miner still has “some ways to go” to create a safe environment for all female employees after the company recently saw a 20% increase in reported sexual harassment.
Source: BNNBloomberg - 🏆 83. / 50 Read more »