REG - BHP Group Limited - Settlement of Samarco AU Securities Class Action

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RNS Number : 5080Y  BHP Group Limited  09 September 2025

Exchange release

9 September 2025

 

Settlement of Samarco Australian Securities Class Action

 

BHP has reached an agreement to settle the Australian Samarco shareholder
class action. The settlement is subject to approval by the Federal Court of
Australia.

The Australian shareholder class action was brought on behalf of shareholders
who acquired BHP shares before the Fundão Dam failure. The class action was
filed in the Federal Court of Australia in 2018 on behalf of persons who
acquired shares in BHP Group Limited or BHP Group Plc (now BHP Group (UK) Ltd)
during the period 8 August 2012 to 9 November 2015 (the Applicants).

The Fundão Dam was owned and operated by Samarco Mineração S.A. (Samarco),
a non-operated joint venture between BHP Billiton Brasil Ltda (BHP Brasil) (a
subsidiary of BHP Group Limited) and Vale S.A. Each of BHP Brasil and Vale
holds 50 per cent of Samarco.

Under the terms of the settlement agreement, BHP has agreed to pay the
Applicants AU$110 million, inclusive of interests and costs, with no admission
of liability. BHP expects to recover the majority of the settlement amount
from its insurers.

 

 

Authorised for release by Stefanie Wilkinson, Group General Counsel and Group
Company Secretary

 

 Contacts
 Media                                        Investor Relations

 media.relations@bhp.com                      investor.relations@bhp.com
 Australia and Asia                           Australia and Asia

 Gabrielle Notley                             John-Paul Santamaria

 +61 411 071 715                               +61 499 006 018

 Europe, Middle East and Africa               Europe, Middle East and Africa

 Amanda Saunders                              James Bell

 +44 7887 468 926                             +44 7961 636 432

 North America                                Americas

 Megan Hjulfors                               James Bell

+1 403 605 2314

                                            +44 7961 636 432

 Latin America

 Renata Fernandez

 +56 9 8229 5357

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