Aussie dollar climbing… is the iron ore trade back on?
Simandou, one of the world’s most significant iron ore developments, is set to challenge the Pilbara’s dominance soon.
Creditors of miner Samarco Mineracao agreed on Friday to postpone a final decision on the company’s debt restructuring, the company said.
The Brazilian joint venture between Vale SA and BHP offered improved conditions to creditors in a new restructuring plan. An assembly to vote on the plan was rescheduled to April 18.
(By Tatiana Bautzer; Editing by Barbara Lewis)
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