BHP-Vale Mine, Crippled by Dam Spill, Said in Restructure Talks

  • Brazil venture explores restructuring $1.6 billion of loans
  • Samarco hires JPMorgan, lenders working with FTI Consulting

The village of Bento Rodrigues in Brazil after a dam burst in November 2015.

Photographer: Christophe Simon/AFP via Getty Images

BHP Billiton Ltd. and Vale SA’s Brazilian mining joint venture is exploring ways to restructure about $1.6 billion in loans months after a deadly accident halted output and crimped cash flow, people with knowledge of the matter said.

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