BHP Billiton Served with Class Action in Australia Court
July 22 2018 - 8:51PM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--BHP Billiton Ltd. (BHP.AU) said a class action has been
filed in an Australian court over the 2015 dam failure at a
Brazilian iron-ore mining operation that sparked a sharp fall in
the miner's stock.
BHP, the world's biggest mining company by market value, on
Monday said the class action has been filed in the Federal Court of
Australia in Victoria state and that it "intends to defend the
claim."
BHP's Australian stock plummeted more than 20% in November,
2015, after a tailings dam wall collapsed at an operation it
jointly owns with Vale SA (VALE). It is believed to be Brazil's
worst-ever environmental disaster and one of the worst in the
history of mining, with 19 people killed as waste from the
collapsed dam destroyed villages and polluted more than 400 miles
of waterways.
The company is already facing a class action complaint from
shareholders in the U.S., which was filed in 2016 and is seeking an
unspecified amount of damages.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
July 22, 2018 20:36 ET (00:36 GMT)
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