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Vale, BHP iron ore venture can't pay creditors

Frik Els | October 25, 2016 | 5:01 am Top Companies Latin America Iron Ore 

Brazil's Samarco Mineracao – a joint venture Vale (NYSE:VALE) and BHP Billiton (NYSE:BHP) – on Tuesday said it had missed an interest payment on a $700 million bond due yesterday, the second missed payment in the space of a month....

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