Australian Court OKs BHP's AU$110 Million Class Action Settlement

05:41 AM EST, 12/05/2025 (MT Newswires) -- The Federal Court of Australia on Friday approved the AU$110 million settlement agreement for the Australian Samarco shareholder class action against BHP (BHP.L, BHG.JO). As announced on Sept. 9, the mining giant agreed to pay the claimants the amount, with no admission of liability. It also expects to recover a majority of the compensation from its insurers. The class action was filed on behalf of shareholders who purchased BHP shares before the failure of the Fundão Dam, which was operated by Samarco Mineração, a 50/50 joint venture between BHP Billiton Brasil and Vale.