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Share Name | Share Symbol | Market | Type |
---|---|---|---|
BHP Group Plc | NYSE:BBL | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 64.18 | 0 | 01:00:00 |
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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