0012 GMT - While London's High Court has found BHP liable for the 2015 Samarco dam collapse, any "cash impact remains long dated and capped," RBC Capital Markets analyst Kaan Peker says in a note. "The ruling does not introduce a new liability, it simply affirms it," Peker says. He views the court's decision as neutral for BHP. Any impact on cash flow is unlikely until roughly 2030 and is "already significantly provisioned," or contained, he says. He points to a US$32 billion settlement signed last year between BHP, joint-venture partner Vale and Brazilian authorities. "The October 2024 Brazil Agreement remains valid and binding, and duplicate claims cannot be paid twice," says Peker. RBC has a sector perform rating and A$44.00 target on BHP. The stock is down 1.3% at A$42.20. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

November 16, 2025 19:12 ET (00:12 GMT)

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