Samarco Debt Negotiations Update

RNS Number : 3369O

BHP Group PLC

28 January 2019

 

NEWS RELEASE

Release Time	IMMEDIATE
Date	29 January 2019
Release Number	03/19

Samarco Debt Negotiations Update

BHP notes that on 28 January 2019, Samarco Mineração S.A. (Samarco) publicly disclosed certain information related to, and prepared by, Samarco for the purposes of negotiations between Samarco and certain of its lenders in relation to a restructuring of Samarco's unsecured financial obligations.

Samarco was required to disclose such information under the terms of a confidentiality agreement entered into as part of the negotiation process with the lenders.

As at the date of this announcement, the parties have not reached agreement on the restructuring of Samarco's unsecured financial obligations.

The restart of Samarco's operations will occur only if it is safe, economically viable and has the support of the community. Resuming operations requires the granting of licences by state and federal authorities and community hearings, among other requirements.

BHP Billiton Brasil Ltda. and Vale S.A. each hold a 50 per cent interest in Samarco.

Further information on BHP can be found at bhp.com

Media Relations Email: [e-mail]		Investor Relations Email: [e-mail]
Australia and Asia Gabrielle Notley Tel: [phone]  Mobile: [phone] United Kingdom and South Africa Neil Burrows Tel: [phone]  Mobile: [phone] North America Judy Dane Tel: [phone]  Mobile: [phone]		Australia and Asia Tara Dines Tel: [phone]  Mobile: [phone] United Kingdom and South Africa Elisa Morniroli Tel: [phone]  Mobile: [phone] Americas James Wear Tel: [phone]  Mobile: [phone]
BHP Group Limited ABN 49 004 028 077 LEI WZE1WSENV6JSZFK0JC28 Registered in Australia Registered Office: Level 18, 171 Collins Street Melbourne Victoria 3000 Australia Tel [phone] Fax [phone]		BHP Group Plc Registration number 3196209 LEI 549300C116EOWV835768 Registered in England and Wales Registered Office: Nova South, 160 Victoria Street London SW1E 5LB United Kingdom Tel [phone] Fax [phone]
Members of the BHP Group which is headquartered in Australia Follow us on social media

 

END

 

 

MSCLVLLLKFFZBBL