24
Nov
21:45
Vale supports Samarco with short-term facilities
Brazil’s Vale informs Kallanish that it intends to make available short-term facilities of up to US$ 115 million to Samarco to support its operations in the first half of 2017. This happens without undertaking an obligation from Vale to Samarco, the iron ore major says.
Funds will be released on an as-needed basis and will be subject to Samarco achieving certain milestones. Likewise, BHP Billiton Brasil Ltda. intends to make available to Samarco short-term…
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Very good overview of the weekly steel market.
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