BHP Group Ltd Faces Contempt of Court Hearing in Britain
BHP Group Ltd, a materials manufacturing company specializing in base metals, is scheduled to face a full contempt of court hearing in Britain. The company is accused of funding litigation to prevent Brazilian municipalities from suing BHP over a dam collapse.
Background on the Litigation
The contempt of court hearing is the latest development in long-running litigation related to one of Brazil’s worst environmental disasters. The dam collapse has been the subject of ongoing legal proceedings between BHP and Brazilian municipalities.
Company Developments
In a separate development, BHP has announced partnerships with XCMG for mining fleet solutions and Metso for metallic liners. These partnerships aim to expand the company’s operations and improve efficiency.
Market Impact
The company’s shares have been affected by these developments, with prices experiencing fluctuations. The exact impact on the company’s stock price is not specified.
Key Partnerships
- XCMG: mining fleet solutions
- Metso: metallic liners