To view the PDF file, sign up for a MySharenet subscription.

BHP BILLITON PLC - Update Samarco Brazil

Release Date: 01/07/2016 07:05
Code(s): BIL     PDF:  
Wrap Text
Update Samarco Brazil

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




NEWS RELEASE
Release Time       IMMEDIATE
Date               1 July 2016
Release Number     16/16




UPDATE: SAMARCO BRAZIL


On 2 March 2016, BHP Billiton announced that an agreement had been entered into
between Samarco Mineração S.A (Samarco), Vale S.A (Vale) and BHP Billiton Brasil
LTDA (BHP Billiton Brasil) with the Federal Government of Brazil, the States of
Espirito Santo and Minas Gerais and certain other public authorities (Brazilian
Authorities) (Framework Agreement).

The Framework Agreement provides for the restoration of the environment and
communities affected by the Samarco dam failure on 5 November 2015 and
suspension of the civil public claim commenced on 30 November 2015 by the
Brazilian Authorities against Samarco, Vale and BHP Billiton Brasil which sought the
establishment of a fund of up to BRL20 billion in aggregate for clean-up costs and
damages relating to the dam failure.

The Framework Agreement was subject to ratification by the courts in Brazil. On 5
May 2016, the Framework Agreement was ratified by the Federal Court of Appeal in
Brasilia.

The Federal Prosecutors’ Office appealed against the ratification of the Framework
Agreement. On 30 June 2016, the Superior Court of Justice in Brazil issued an
interim order suspending the decision of the Federal Court of Appeal to ratify the
Framework Agreement.

The effect of the interim order of the Superior Court of Justice is to reinstate the
BRL20 billion public civil claim made by the Brazilian Authorities against Samarco,
Vale and BHP Billiton Brasil.

BHP Billiton Brasil intends to appeal the decision of the Superior Court of Justice.

In the meantime, Samarco will continue to support the long-term recovery of the
communities and environment affected by the dam failure.
Sponsor: UBS South Africa (Pty) Limited



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


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

Amanda Saunders                                   United Kingdom and South Africa
Tel: +61 3 9609 3935 Mobile +61 417 487 973
Email: Amanda.Saunders@bhpbilliton.com            Rob Clifford
                                                  Tel: +44 20 7802 4131 Mobile: +44 7788 308 844
Fiona Hadley                                      Email: Rob.Clifford@bhpbilliton.com
Tel: +61 3 9609 2211 Mobile +61 427 777 908
Email: Fiona.Hadley@bhpbilliton.com               Americas

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

North America

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
Follow us on social media

Date: 01/07/2016 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story