Investment Matters

Company news: BHP Billiton

BHP Billiton, through its 50% ownership of Samarco Brazil, has entered into a 15+ year agreement to restore environmental impacts, local communities and the 'social condition' of areas affected by the dam spill.  The agreement also encompasses provision of compensation where remediation is not possible.  The agreement is subject to court approval, and is generally seen as a positive as it provides a path forward, as well as some certainty regarding financial exposure.