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Article BHP JV Samarco Brazil Misses 2nd Debt Deadline
Tuesday, Nov. 8th

Our client Gimme Credit's Cedric Rimaud featured in this story:

The Brazil iron ore joint venture of mining giants Vale and BHP Billiton has missed a second coupon payment on dollar bonds, Gimme Credit reports.

Analyst Cedric Rimaud is discontinuing coverage. He said in October, before missed payments, that investors were not factoring in the liabilities regarding Samarco, the embattled joint venture where a mine dam break one year ago sent a destructive red-mud sludge cascading through villages, with deadly consequences. Rimaud writes: