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    VALE3   BRVALEACNOR0

VALE S.A.

(VALE3)
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Brazil miner Samarco proposes debt restructuring with 85% haircut - sources

06/10/2021 | 08:04pm EDT

SAO PAULO, June 10 (Reuters) - Samarco Mineracao SA, a bankrupt joint venture between Brazilian miner Vale SA and BHP Group Ltd, proposed on Thursday a plan to restructure about 50 billion reais in debt with an 85% haircut, sources told Reuters.

Samarco filed for bankruptcy protection in April to prevent creditors' claims from affecting its operations that restarted at the end of 2020, more than five years after a tailings dam collapsed causing one of Brazil's worst environmental accidents.

(Reporting by Roberto Samora; Editing by Jacqueline Wong)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP -2.45% 46.52 End-of-day quote.9.64%
EURO / BRAZILIAN REAL (EUR/BRL) 0.02% 6.0375 Delayed Quote.-5.65%
VALE S.A. 3.01% 109.09 End-of-day quote.24.75%
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Financials (USD)
Sales 2021 58 403 M - -
Net income 2021 25 067 M - -
Net cash 2021 5 479 M - -
P/E ratio 2021 3,71x
Yield 2021 8,30%
Capitalization 111 B 111 B -
EV / Sales 2021 1,80x
EV / Sales 2022 1,97x
Nbr of Employees 74 316
Free-Float 91,4%
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Technical analysis trends VALE S.A.
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 11
Average target price 24,62 $
Last Close Price 21,55 $
Spread / Highest target 39,7%
Spread / Average Target 14,2%
Spread / Lowest Target -16,4%
EPS Revisions
Managers and Directors
NameTitle
Eduardo De Salles Bartolomeo Chief Executive Officer
José Maurício Pereira Coelho President & Director
Luciano Siani Pires Executive VP-Finance & Investor Relations
Denis Cuenca Chief Compliance Officer
Lucio Azevedo Independent Director
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