Vale-BHP JV Samarco says it has not yet reached agreement with creditors

Brazilian miner Samarco Mineracao failed to reach an agreement with creditors on its restructuring plan after a new round of meetings, it said on Wednesday, ahead of an April 1 bondholders assembly.

The company, a joint venture between Vale and BHP Group, said in a statement it presented bondholders with "significant improvements" to its restructuring proposal, but no deal had been reached.