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BHP Group Ltd ( (AU:BHP) ) just unveiled an announcement.
BHP Group Ltd has been found liable by the English High Court under Brazilian law for the 2015 Fundão dam failure, with damages to be assessed in future trials. The company plans to appeal the decision and continues to defend against the UK group action, which involves over 600,000 claimants. BHP has already engaged in extensive remediation and compensation efforts in Brazil, including a comprehensive $32 billion settlement agreement with Brazilian authorities. The court’s decision validates releases signed by claimants who have received compensation in Brazil, potentially reducing the size and value of claims in the UK. BHP maintains that the UK group action duplicates efforts already made in Brazil and remains committed to fulfilling its obligations under the Brazil Agreement.
The most recent analyst rating on (AU:BHP) stock is a Buy with a A$48.00 price target. To see the full list of analyst forecasts on BHP Group Ltd stock, see the AU:BHP Stock Forecast page.
More about BHP Group Ltd
BHP Group Ltd is a leading global resources company primarily involved in the extraction and processing of minerals, oil, and gas. The company has a significant focus on the mining industry, with key products including iron ore, copper, and coal, and it operates across several continents, serving a diverse range of markets.
YTD Price Performance: 12.76%
Average Trading Volume: 8,232,469
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$217.1B
For an in-depth examination of BHP stock, go to TipRanks’ Overview page.