BHP Group (BHP) gains court approval for AU$110m Samarco class action deal
Rhea-AI Filing Summary
BHP Group Limited announced that the Federal Court of Australia has approved the settlement of the Australian Samarco shareholder class action. Under the terms of the settlement, BHP has agreed to pay the applicants AU$110 million, inclusive of interest and costs, with no admission of liability. BHP expects to recover the majority of this amount from its insurers, which reduces the net financial impact on the company.
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Insights
BHP secures court approval for AU$110m Samarco class action settlement, largely insured.
The Federal Court of Australia has approved a settlement of the Australian Samarco shareholder class action against BHP Group Limited. BHP has agreed to pay the applicants
BHP also states that it expects to recover the majority of the settlement amount from its insurers. This suggests that the direct cash outflow to BHP is likely to be significantly less than
The announcement is dated
FAQ
What did BHP (BHP) announce regarding the Samarco Australian securities class action?
BHP announced that the Federal Court of Australia has approved the settlement of the Australian Samarco shareholder class action that was previously disclosed on 9 September 2025.
How much will BHP (BHP) pay under the Samarco class action settlement?
Under the settlement terms, BHP has agreed to pay the applicants AU$110 million, inclusive of interest and costs.
Does the Samarco class action settlement involve an admission of liability by BHP (BHP)?
No. BHP states that the AU$110 million settlement is made with no admission of liability.
Will insurers cover part of BHP’s (BHP) Samarco settlement payment?
BHP states that it expects to recover the majority of the AU$110 million settlement amount from its insurers.
When was the Samarco class action settlement approved by the court?
The Federal Court of Australia approved the Samarco shareholder class action settlement on 5 December 2025.
Who authorised the release of BHP’s (BHP) Samarco settlement announcement?
The announcement was authorised by Stefanie Wilkinson, BHP’s Group General Counsel and Group Company Secretary.