CAPITAL MARKETS

Silvensa falls 41% after BHP pulls out of Orinoco HBI plant

BHP'S 50% partner in the Orinoco HBI plant has been hit hard since Australia's largest resources company said it would take a US$410 million charge to write off its investment in the operation.

Greg Tubby

Venezuela's Siderugica Venezolana Sivensa fell 41% on mounting concern over the company's financial health. Analysts say the company - struggling to repay the US$245 million debt it accrued buying Siderugica...

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