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BHP-Vale mine said seeking cash injection as reserves run dry

Vale SA and BHP Billiton Ltd.’s Brazilian mining joint venture is seeking capital injections from its owners as it runs out of cash after a deadly accident halted output, people with knowledge of the matter said. The iron-ore company’s cash will expire by August and it needs contributions from Vale and BHP to stay afloat, two people said, asking not to be identified because talks are private. Samarco, as the venture is known, has already started exploring ways to restructure about $1.6 billion in bank loans and may seek to put off bond payments until it can resume operations, the people said.