Blue Gold Starts Cost Cuts and Weighs Possible Creditor Restructuring

Blue Gold Limited has begun cost-reduction measures and is working to simplify its organization while evaluating possible restructuring arrangements with creditors and other stakeholders as it prioritizes balance-sheet actions.

The company’s Nov. 11 update identifies those steps as part of its current initiatives. It describes restructuring as an option under evaluation, rather than a settled plan.

Blue Gold issued the announcement at 8 a.m. ET Nov. 11.