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Zamin Amapá Mineração agreed to a restructuring plan with its lenders for USD 286.85 (BRL 1,500 million on June 17, 2020). A restructuring court in São Paulo approved the plan on August 29, 2019, although Zamin hubiera was bound by an agreement with the accreditors a week earlier.
More than 150 participants participated, the plan involved transferring all of Zamin's shares to a joint company formed by Cadence Minerals and Indo Sino. Subsequently, the joint venture will inject USD 110 million in Zamin to strengthen its solvency.