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The latest announcement is out from BHP Group Ltd ( (AU:BHP) ).
BHP Group Ltd has agreed to settle the Australian Samarco shareholder class action for AU$110 million, pending approval by the Federal Court of Australia. This settlement relates to claims from shareholders who acquired BHP shares before the Fundão Dam failure, which was linked to Samarco Mineração S.A., a joint venture between BHP and Vale S.A. The settlement includes no admission of liability, and BHP plans to recover most of the settlement costs from its insurers.
More about BHP Group Ltd
BHP Group Ltd is a leading global resources company headquartered in Australia. It is involved in the extraction and processing of minerals, oil, and gas, with a market focus on commodities such as iron ore, copper, and coal. The company operates in multiple regions, including Australia, the Americas, and Asia.
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