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16 Feb

BHP announces additional provisions for Samarco accident

BHP Group will increase provisions by $3.2 billion (post-tax) in compensation for the impact caused by the Samarco accident, Kallanish learns from the company. As a result, the Fundão dam rupture support total increases to $6.5 billion as of the end of 2023. The structure failure killed 19 people and flooded areas in two states of southeastern Brazil on 5 November 2015, destroying communities and contaminating navigable waterways. “We will recognise …
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