Settlement of Samarco AU Securities Class Action
Summary by AI BETAClose X
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 |
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Media media.relations@bhp.com |
Investor Relations investor.relations@bhp.com |
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Australia and Asia Gabrielle Notley +61 411 071 715
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Australia and Asia John-Paul Santamaria +61 499 006 018 |
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Europe, Middle East and Africa Amanda Saunders +44 7887 468 926
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Europe, Middle East and Africa James Bell +44 7961 636 432 |
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North America Megan Hjulfors
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Americas James Bell +44 7961 636 432 |
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Latin America Renata Fernandez +56 9 8229 5357 |
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BHP Group Limited ABN 49 004 028 077 LEI WZE1WSENV6JSZFK0JC28 Registered in Australia Level 18, 171 Collins Street Melbourne Victoria 3000 Australia Tel: +61 1300 55 4757 Fax: +61 3 9609 3015 BHP Group is headquartered in Australia
bhp.com |
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