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Anglo-Australian miner BHP is close to restarting work at a Brazilian mine where an accident in 2015 killed 19 people. Samarco Mineracao, a company owned by BHP and Brazilian miner Vale, has met licensing requirements to restart operations. It aims to produce around eight million tonnes of iron ore pellets every year from the Germano mine, and its Ubu complex.
Half Year 2020 BHP Group PLC Earnings Call - Session 1
Moody's Investors Service, ("Moody's") has today changed Petra Diamonds Limited's (Petra) probability of default rating (PDR) to Ca-PD/LD. Petra's Caa3 corporate family rating (CFR) and Ca ratings on the $650 million guaranteed senior secured second lien notes due in May 2022 issued by Petra Diamonds US$ Treasury Plc remain unchanged. Moody's has appended Petra's PDR of Ca-PD with the "/LD" indicator following the expiration of the grace period on the $23.6 million coupon payment that was due on 1 May 2020 in relation to the $650 million notes.