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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| BHP Group Limited | ASX:BHP | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.11 | -4.66% | 43.21 | 43.14 | 43.15 | 43.75 | 43.12 | 43.60 | 16,891,082 | 07:10:41 |
From Apr 2019 to Apr 2024
By Rhiannon Hoyle
SYDNEY--BHP Billiton Ltd. (BHP.AU) said it will record a provision totaling US$1.1 billion to US$1.3 billion in relation to last year's dam failure at Brazilian iron-ore mining operations it jointly owns with Vale SA (VALE).
That amount "is approximately equivalent to a 50% share of the current estimate of Samarco's funding obligations under the terms of the framework agreement entered into on March 2," BHP said in a regulatory filing.
It said it will also record direct costs of roughly US$100 million after tax. BHP will report its annual financial results next month.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
July 27, 2016 19:02 ET (23:02 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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