MTI recorded a provision to establish a $ 215m reserve for an estimated cost to fund trust to resolve all current and future claims related to Talc as well as the case of Chapter 11 BMI Oldco and associated litigation costs. The parties have not yet reached the final resolution of all issues in the case of Chapter 11. The provision includes $ 30m of extra debtor-in-the-language funding from Minerals Technologies (Mtx) Investments to the debtors, approved by the US bankruptcy court for the southern Texas area on April 14. MTI continues to support BMI Oldco's efforts to resolve all current and future current claims by court approval of the Court to a reorganization plan in the Chapter 11 case, which would establish all.
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