BHP Samarco dam failure update
BHP intends to defend the claim regarding the Samarco dam failure in 2015.
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BHP intends to defend the claim regarding the Samarco dam failure in 2015.
Today, a condemnatory lawsuit has been served on the Anglo-Australian mining conglomerate BHP Billiton for the deadly collapse if its dam in Brazil in 2017.
The company has said that it has completed Dam Risk Reviews for active, inactive and closed tailings storage facilities across its business since the failure of the Fundão dam at Samarco, Brazil, in 2015.
The restart of Samarco’s operations will occur only if it is safe, economically viable and has the support of the community.
SolGold is to issue 100 million shares to BHP Billiton, with BHP's interest increasing from 6.0% to 11.2%.
BHP has reached an agreement to settle the class action complaint regarding the Samarco dam failure. The company will pay the plaintiffs US$50 million, with no admission of liability.
The sale of the copper mine in Chile’s Atacama desert is expected to close during 4Q18.
Following a major 2017 re-branding exercise, BHP has taken first place on the Brand Finance Mining, Iron & Steel 25 league table.
Decmil Australia wins the Mulla Mulla Village expansion contract from BHP Western Australia Iron Ore.
BHP’s iron ore production for the September 2017 quarter decreased by 3%, as copper production increased by 14% for the quarter.
On a consolidated and attributable basis, contained metal in the Proven and Probable Mineral Reserve categories totaled 3 232kt of copper, 3 415kt of zinc and 130kt of nickel.
BHP Billiton has announced plans to delay moving forward with the Jansen potash mine project.