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BHP BILLITON PLC - Samarco Update

Release Date: 04/05/2016 07:05
Code(s): BIL     PDF:  
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Samarco Update

BHP Billiton Plc
Registration number 3196209
Registered in England and Wales
Share code: BIL
ISIN: GB0000566504




NEWS RELEASE

Release Time       IMMEDIATE
Date               4 May 2016
Release Number     11/16




SAMARCO UPDATE

The Federal Public Prosecution Service has announced that it has commenced
proceedings against Samarco Mineração S.A (Samarco), Vale and BHP Billiton
Brasil LTDA (BHP Billiton Brasil) for BRL 155 billion (approximately US$43 billion at
current exchange rates) for social, environmental and economic compensation in
relation to the failure of the Fundão tailings dam at the Samarco iron ore operation in
Minas Gerais, Brazil on 5 November 2015.

BHP Billiton has not received formal notice of the claim.

BHP Billiton remains committed to helping Samarco to rebuild the community and
restore the environment affected by the failure of the dam.

To this end, on 2 March 2016 BHP Billiton announced that Samarco, Vale and BHP
Billiton Brasil entered into an agreement with the Federal Attorney General of Brazil,
the States of Espirito Santo and Minas Gerais and certain other public authorities for
the restoration of the environment and communities affected by the Samarco dam
failure.

The Agreement provides a long-term remedial and compensation framework for
responding to the impact of the Samarco tragedy. It incorporates a requirement for
community consultation on the remediation projects and compensation.

Pursuant to the Agreement, Samarco, Vale and BHP Billiton Brasil have established
a Foundation that would develop and execute environmental and socio-economic
programs to remediate and provide compensation for damage caused by the dam
failure. The remediation and compensation projects will be informed by technical and
scientific studies conducted by global experts. Pursuant to the Agreement an Inter-
Federative Committee (IFC) has been established, which comprises 12 government
representatives at Federal, State and Municipal level. The IFC would validate
program designs, and review progress and achievement of the objectives of the
remediation and compensation programs.

The Agreement remains subject to Court approval.

We believe that the Agreement (once approved by the Court) provides the long-term
remedial and compensation framework for responding to the impact of the Samarco
tragedy and the appropriate platform for the parties to work together.


Further information on BHP Billiton can be found at: bhpbilliton.com


Sponsor: UBS South Africa (Pty) Limited


Media Relations                                   Investor Relations

Australia and Asia                                Australia and Asia

Eleanor Colonico                                  Tara Dines
Tel: +61 3 9609 2360 Mobile +61 407 064 748       Tel: +61 3 9609 2222 Mobile: +61 499 249 005
Email: Eleanor.Colonico@bhpbilliton.com           Email: Tara.Dines@bhpbilliton.com

Paul Hitchins                                     Andrew Gunn
Tel: +61 3 9609 2592 Mobile +61 419 315 001       Tel: +61 3 9609 3575 Mobile: +61 402 087 354
Email: Paul.Hitchins@bhpbilliton.com              Email: Andrew.Gunn@bhpbilliton.com

Fiona Hadley                                      United Kingdom and South Africa
Tel: +61 3 9609 2211 Mobile +61 427 777 908
Email: Fiona.Hadley@bhpbilliton.com               Rob Clifford
                                                  Tel: +44 20 7802 4131 Mobile: +44 7788 308 844
United Kingdom and South Africa                   Email: Rob.Clifford@bhpbilliton.com

Ruban Yogarajah                                   Americas
Tel: +44 207 802 4033 Mobile +44 7827 082 022
Email: Ruban.Yogarajah@bhpbilliton.com            James Wear
                                                  Tel: +1 212 310 1421 Mobile: +1 347 882 3011
Jennifer White                                    Email: James.Wear@bhpbilliton.com
Tel : +44 207 802 7462 Mobile +44 7827 253 764
Email: Jennifer.White@bhpbilliton.com             Joseph Suarez
                                                  Tel: +1 212 310 1422 Mobile: +1 646 400 3803
North America                                     Email: Joseph.Suarez@bhpbilliton.com

Jaryl Strong
Tel: +1 713 499 5548 Mobile: +1 281 222 6627
Email: Jaryl.Strong@bhpbilliton.com




BHP Billiton Limited ABN 49 004 028 077           BHP Billiton Plc Registration number 3196209
Registered in Australia                           Registered in England and Wales
Registered Office: Level 18, 171 Collins Street   Registered Office: Neathouse Place
Melbourne Victoria 3000 Australia                 London SW1V 1LH United Kingdom
Tel +61 1300 55 4757 Fax +61 3 9609 3015          Tel +44 20 7802 4000 Fax +44 20 7802 4111


Members of the BHP Billiton Group which is
headquartered in Australia

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