BHP to defend claim over 2015 Brazil dam failure

Company News

by Rachael Jones

BHP (ASX:BHP) today released a statement to the ASX noting the media reports out today concerning the group claim in the UK in relation to the Samarco dam failure.

The Fundão dam collapsed in Brazil on 5 November 2015, resulting in a mudslide that killed 19 people, flooded three villages and destroyed buildings, roads and bridges.

It left riverbeds poisoned by heavy metals. The river is used by more than 13 million people for irrigation and drinking.

BHP has been hit with the biggest damages claim in British legal history.

BHP intends to defend the claim.

Shares in BHP (ASX:BHP) are trading 0.88 per cent lower at $36.97.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.