🔴 BHP Group is trading 6% down today after Samarco provision rose $575 million

BHP Group is trading 5.97% down now at $86.75 after renewed attention on Samarco litigation related to Brazil’s 2015 Fundão dam collapse.

• A September 10 report said the Samarco-related provision increased by $575 million to approximately $5.2 billion.
• Weaker equities, elevated oil prices, iron ore concerns and Chinese regulatory headwinds are adding pressure, but the litigation development appears to be the primary catalyst.