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BHP Share Price Marching Higher Amid Legal Cost Sharing Agreement With Vale
The BHP Group Ltd share price is marching higher today.
BHP and Vale Agree on Dam Failure Claims
BHP Group Limited has announced an agreement with Vale S.A to each cover 50% of potential payments related to ongoing legal actions over the 2015 Fundão Dam failure in Brazil, without admitting liability. The company is defending against over 600,000 claimants in the UK and is not a defendant in a similar case in the Netherlands. BHP will withdraw its contribution claim against Vale due to this new agreement, while continuing support for local remediation through the Renova Foundation, which has provided significant compensation and aid.
BHP, Vale to Pay 50% of Potential Sums to Claimants in English, Netherlands, Other Proceedings in Brazil
BHP, Vale to Pay 50% of Potential Sums to Claimants in English, Netherlands, Other Proceedings in
BHP Is Not a Defendant in the Netherlands Proceedings
BHP Is Not a Defendant in the Netherlands
BHP: English Proceedings Are Unnecessary Because They Duplicate Matters
BHP: English Proceedings Are Unnecessary Because They Duplicate
BHP: Doesn't Consider That It Is Liable to the Claimants in the English Proceedings
BHP: Doesn't Consider That It Is Liable to the Claimants in the English