REG - BHP Group Limited - Update - United Kingdom group action

BHPAnnouncement

02/12/2022 17:00

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RNS Number : 5018I  BHP Group Limited  02 December 2022

NEWS RELEASE

 

 Release Time    IMMEDIATE
 Date            2 December 2022
 Release Number  39/22

Update - United Kingdom group action

BHP Group Limited and BHP Group (UK) Limited (formerly BHP Group Plc) are
defendants to a group action claim brought by claimants in the English High
Court seeking damages for alleged losses in relation to the Fundão Dam
collapse in 2015 (the English Proceedings). The Fundão Dam was owned and
operated by Samarco, a non-operated joint venture between BHP Billiton Brasil
Ltda (BHP Brasil) (a subsidiary of BHP Group Limited) and Vale S.A. (Vale).
Each of BHP Brasil and Vale holds 50 per cent of Samarco.

 

BHP Group Limited and BHP Group (UK) Limited have today filed their defence
and a contribution claim against Vale in connection with the English
Proceedings. In their defence, BHP Group Limited and BHP Group (UK) Limited
deny the claims in their entirety. The contribution claim contends that if the
defence of BHP Group Limited and BHP Group (UK) Limited is not successful and
they are ordered to pay damages to the claimants in the English Proceedings,
Vale should contribute to any amount payable. The contribution claim is a
necessary procedural step given that Vale was not included as a defendant to
the English Proceedings. The English High Court is expected to hear the
contribution claim together with the main English Proceedings.

 

BHP will continue to defend the English Proceedings, which it believes are
unnecessary because they duplicate matters already covered by the existing and
ongoing work of the Renova Foundation and legal proceedings in Brazil.

 

BHP Brasil remains committed to continue working with Samarco and Vale to
support the local remediation efforts in Brazil through the Renova Foundation.
Those efforts have already provided approximately US$2.3 billion in
compensation and direct financial aid in relation to the dam failure to
388,000 people to 30 June 2022.

 

 

 

 

 

 

 

 

 

 

 

 

Authorised for lodgement by:

Stefanie Wilkinson

Group Company Secretary

 

 

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