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By Michael Place - Wednesday, June 4, 2014 Brazilian oil startup OGpar's shareholders have approved a debt restructuring plan that paves the way for the stricken firm's financial recovery. The deal will reportedly hand a controlling 42% stake in the company to a group of creditors led by Pacific Investment Management Co. and Credit Suisse Group AG. Troubled mining an..

Tue Jun 10, 2014 The board of Brazilian shipbuilder and ship leaser OSX Brasil SA elected Vladimir Kundert Ranevsky chief executive officer, the bankrupt company, controlled by Brazilian tycoon Eike Batista, said in a statement on Tuesday. Ranevsky will replace Eucherio Lerner Rodrigues who will step down but retain his seat on the board of directors. OSX, part of Ba..

Posted by Joseph R. Fonseca Tuesday, June 03, 2014 Creditors of Brazilian tycoon Eike Batista's Oleo e Gas Participacoes SA approved a restructuring plan for the oil company that could lead to a quick resolution of the largest bankruptcy in Latin America's history, lawyers said on Tuesday. The plan was approved by creditors holding 90 percent of the Rio de Janeiro-based compan..

Cloudy outlook dumping of finance-related inventories(1mil t) Frik Els | June 12, 2014 Shares in producers dumped after as China's crackdown &#111&#110 shadow banking system snares metal-backed trade loans   Benchmark iron ore fell more than 2% &#111&#110 Thursday to fresh lows last seen September 7, 2012.   According to data from the The Steel In..

Welcoming World Cup Fans and Alternative Assets By LILLIAN RIZZO Reuters/Siphiwe Sibeko Brazil is welcoming thousands of spectators for the 2014 FIFA World Cup and data provider Preqin is getting in the spirit by highlighting the host country’s receptiveness to so-called alternative assets, including private equity, infrastructure and hedge funds. In this football ..

* Formerly Vale held 60%. Dongkuk 40%in CSP Fri, Jul 16 14:38 PM EDT SAO PAULO, July 16 (Reuters) - Iron ore miner Vale (VALE.N) (VALE5.SA) said on Friday it is teaming up with South Korea's largest steel company Posco as a partner in its joint steel plant project with Dongkuk, in the city of Pecem in Brazil's northeast. Vale has been under pressure from President Lu..

2013.11.23 Billionaire Delists OGX As National Oil Firms Step Off The Gas Comment Now Follow Comments Brazil's pre-salt oil boom ended with a whimper for OGX Petroleo, the nation's only privately held oil company run by dethroned billionaire Eike Batista. Brazil’s pre-salt oil boom has gone bust, and the first casualty has been former Brazilian billionaire Eike Batista’s O..

January 9, 2013 MMX Mineração e Metálicos S.A., the flagship mining company of Brazilian billionaire Eike Batista, has been handed a $1.86 billion fine for unpaid taxes, the company said Tuesday. In the statement the firm owned by the world of mining's top entrepreneur said the penalty has no legal basis. “MMX and the company’s independent legal advisers ..

MMX Mineracao e Metalicos (MMX) is a Brazilian iron ore miner engaged in the extraction, processing, transformation and sale of iron ore. In 2012, MMX was granted environmental and operational licenses authorizing the start of construction works for the expansion of the Serra Azul iron ore complex, part of its Sudeste system. Serra Azul currently produces 8.7Mt/y of ..

Provider: Metal Bulletin February 4, 2014 (07:41) Coal exploration company CCX, part of Brazil’s EBX Group, has signed a letter of intent to sell its entire project in Colombia to Turkey’s Yildirim Holding for $125 million. The deal includes the sale of open-pit mines Cañaverales and Papayal and the San Juan underground mine, as well as the associate..