BHP GROUP LIMITED - Samarco Update - Ratification of Agreement

Samarco Update - Ratification of Agreement

BHP Group Limited
BHP Group Limited ABN 49 004 028 077
Registered in Australia
Registered Office: Level 18, 171 Collins Street Melbourne VIC 3000
Share code: BHG
ISIN: AU000000BHP4

Exchange release
7 November 2024


Samarco update – Ratification of agreement with Brazilian Public Authorities

Further to BHP's announcement on 25 October 2024, BHP confirms that the agreement entered into
between the Federal Government of Brazil, State of Minas Gerais, State of Espirito Santo, public
prosecutors and public defenders (Public Authorities) and Samarco Mineração S.A. (Samarco),
BHP Billiton Brasil Ltda. (BHP Brasil) and Vale S.A. (Vale) (the Companies) was ratified by the
Supreme Court of Brazil in Brasilia on 6 November 2024.

The Agreement delivers a full and final settlement of the Framework Agreement obligations, the
Federal Public Prosecution Office civil claim and other claims by the Public Authorities relating to
Samarco's Fundão dam failure on 5 November 2015 (Agreement).

The financial value of the Agreement is R$170 billion1 (US$31.7 billion2) on a 100% basis and
provides reparation for the impacts of the dam failure that will be delivered to the people, communities
and environment impacted by the dam failure.

As shareholders in Samarco, BHP Brasil and Vale have always been fully committed to supporting the
extensive ongoing remediation and compensation efforts in Brazil. BHP Brasil will continue to focus
on supporting the long-term recovery of the communities and environment affected by the dam failure.



Authorised for release by Stefanie Wilkinson, Group General Counsel and Group Company Secretary.
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited




1
  All financial obligations are presented on a real, undiscounted basis and will accrue inflation at IPCA inflation rate. Payments
will be made in Brazilian Reais.
2
  All USD amounts throughout are calculated based on actual transactional (historical) exchange rates related to funding
provided to Fundação Renova (Renova Foundation) for investment to date and future spend is calculated using 28 June 2024
BRL/USD exchange rate of 5.56.


BHP Group Limited ABN 49 004 028 077
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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


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BHP Group Limited ABN 49 004 028 077

Date: 07-11-2024 07:15:00
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