BHP : Samarco funding - restart preparation: 
BHP Group Plc
Registration number 3196209
Registered in England and Wales
Share code: BHP
ISIN: GB00BH0P3Z91


NEWS RELEASE
Release Time         IMMEDIATE
Date                 1 November 2019
Release Number       19/19


Samarco funding - restart preparation

BHP has approved US$44 million for BHP Billiton Brasil Ltda's share of funding for
work related to the restart of one concentrator at Samarco Mineracao S.A.'s
(Samarco) operations at its Germano complex in Minas Gerais, Brazil. Samarco's
operations were suspended following the failure of the Fundao dam on 5 November
2015.

The funding will enable the construction of a filtration plant over the next 12 months
and the commencement of operation readiness activities for restart.

On Friday 25 October 2019 the Mining Activities Chamber of the State Council for
Environmental Policy in Minas Gerais, Brazil, granted the Corrective Operating
Licence for Samarco's operating activities at its Germano Complex.

Samarco has now obtained all environmental licenses required to progress towards
operational restart. Restart can occur when the filtration system is complete and
Samarco has met all necessary safety requirements, and will be subject to final
approval by Samarco's shareholders.

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


Sponsor: UBS South Africa (Pty) Limited


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Date: 01/11/2019 07:41:00
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