Mexico's Ahmsa considers US Chapter 11 bankruptcy for thermal coal division

Mexico's Altos Hornos de México (Ahmsa) is considering seeking Chapter 11 bankruptcy protection for its Minera del Norte thermal coal subsidiary, after a Mexican commission canceled state supply contracts, the company said on Thursday October 21.

Minera del Norte - also known as Minosa - is a wholly-owned subsidiary of the Mexican steelmaker and has the capacity to produce 6.6 million tonnes per year of thermal coal, with a third of that output coming from the United States....

Published

Renato Rostás

October 22, 2021

16:59 GMT

São Paulo