Cristiane Lucchesi, Fabiola Moura and R.T. Watson
Samarco bondholders hired US law firm Hogan Lovells for help with debt-restructuring talks as the stalled Brazilian iron-ore miner runs out of money, according to people with knowledge of the matter.
With a coupon payment looming, Hogan Lovells is seeking a Brazilian law firm to work with it on negotiations to alter repayment terms, said the people, asking not to be named because the matter is private.
The mining venture owned by BHP Billiton and Vale is exploring options with creditors as its mining operations remain on hold 10 months after a deadly tailings dam spill. While Melbourne-based BHP and Rio de Janeiro-based Vale are putting up money…
Read the full article at: http://www.afr.com/business/mining/iron-ore/samarco-hires-us-lawyers-to-help-with-debt-negotiations-20160902-gr7ydg
