News: BHP Bhp Group Says Court Ratifies Samarco's Judicial Reorganisation Plan

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825

    Sept 4 (Reuters) - BHP Group Ltd (BHP) :

    • COURT RATIFIES SAMARCO'S JUDICIAL REORGANISATION PLAN
    • ON 1 SEPTEMBER, SECOND BUSINESS COURT OF BELO HORIZONTE RATIFIED JUDICIAL REORGANISATION PLAN OF SAMARCO
    • JUDICIAL REORGANISATION IS INSOLVENCY PROCEEDING IN BRAZIL, SAMARCO'S OPERATIONS HAVE CONTINUED DURING JUDICIAL REORGANISATION PROCEEDING
    • RESTRUCTURE OF SAMARCO'S DEBT IS EXPECTED TO BE COMPLETED IN FIRST HALF OF FY2024
    • FOLLOWING COURT RATIFICATION, NEXT STEPS INCLUDE SAMARCO ENTERING INTO DEFINITIVE DEBT RESTRUCTURE AGREEMENTS WITH CREDITORS TO IMPLEMENT DEBT RESTRUCTURE
    • FOLLOWING RATIFICATION, NEXT STEPS WILL INCLUDE SAMARCO ENTERING INTO DEFINITIVE DEBT RESTRUCTURE AGREEMENTS WITH ITS CREDITORS
    • NEW LONG-TERM DEBT WILL REMAIN NON-RECOURSE TO SAMARCO'S SHAREHOLDERS, BHP BRASIL AND VALE
    • REORGANISATION PLAN CONTAINS TERMS IN SAMARCO'S EXISTING DEBT WILL BE EXCHANGED FOR UP TO US$3.7 BILLION OF LONG-TERM UNSECURED DEBT
    • UNDER TERMS OF JUDICIAL REORGANISATION PLAN, SAMARCO'S FUNDING OF RENOVA FOUNDATION WILL BE CAPPED AT US$1 BILLION FOR PERIOD CY2024 TO CY2030
    • UNDER TERMS OF JUDICIAL REORGANISATION, SAMARCO'S FUNDING OF RENOVA FOUNDATION WILL BE CAPPED AT US$1 BILLION FOR PERIOD CY2024 TO CY2030
    • OUTCOME WILL ENABLE SAMARCO TO ESTABLISH STABLE FINANCIAL POSITION TO REBUILD ITS OPERATIONS AND STRENGTHEN ABILITY TO MEET RENOVA FUNDING OBLIGATIONS
    • REORGANISATION WILL NOT IMPACT RENOVA FOUNDATION'S ABILITY TO IMPLEMENT REMEDIATION AND COMPENSATION PROGRAMS UNDER FRAMEWORK AGREEMENT
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$40.21
Change
0.340(0.85%)
Mkt cap ! $204.1B
Open High Low Value Volume
$40.07 $40.38 $39.90 $243.4M 6.054M

Buyers (Bids)

No. Vol. Price($)
5 5285 $40.20
 

Sellers (Offers)

Price($) Vol. No.
$40.21 1478 2
View Market Depth
Last trade - 16.15pm 08/08/2025 (20 minute delay) ?
BHP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.