MANAGEMENT

BHP announces $1.3 billion provision for Samarco

BHP Billiton will recognise a provision in the range of US$1.1 billion to US$1.3 billion to cover...

Staff reporter
The Fundão tailings dam burst on November 5, 2015. Photo: Senado Federal

The Fundão tailings dam burst on November 5, 2015. Photo: Senado Federal

According to BHP Billiton, the amount is approximately equivalent to its 50% share of the current estimate of Samarco’s funding obligations under the terms of the framework agreement entered into on March...

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