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US-backed DRC miner strikes deal to cut debt
Summary by Semafor
1 Articles
1 Articles
US-backed DRC miner strikes deal to cut debt
The NewsChemaf’s new US-Indian owners have signed settlement deals with creditors holding most of the Congolese copper miner’s $804 million debt, in agreements expected to cut what it owes by more than half even as the company seeks funds to complete projects, company documents reviewed by Semafor show.The settlements would see creditors give up as much as $475 million, thereby removing one of the main obstacles to restarting Chemaf, which repor…
·New York, United States
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Total News Sources1
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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