BHP loses bid to appeal Brazil dam disaster ruling

• •Hey everyone, just read this article about BHP losing their appeal in the UK court regarding that 2015 Brazil dam disaster.
• •That's a pretty massive blow, isn't it?
• •It basically solidifies that a trial for damages is happening in 2027.

Hey everyone, just read this article about BHP losing their appeal in the UK court regarding that 2015 Brazil dam disaster. That's a pretty massive blow, isn't it? It basically solidifies that a trial for damages is happening in 2027. If you haven't seen it yet, check it out here: https://www.mining.com/bhp-loses-bid-to-appeal-brazil-dam-disaster-ruling/

My initial reaction is just how long this has dragged on, and now it's going to drag on even longer with the trial set for 2027. I remember when this first happened, I actually had some BHP in my retirement portfolio, mostly for the dividend yield, but I sold off a decent chunk not long after the initial news broke. Even then, the potential liabilities felt huge. Now, with a full-blown trial on the horizon, the uncertainty is just going to continue to hang over them. We're talking billions of pounds, potentially impacting a lot of people's investments.

I'm curious what you all make of this. Are any of you still holding BHP? Do you think this is mostly priced in by now, or could we see another significant dip as 2027 approaches and more details emerge? From my experience, these kinds of long-tail legal issues can be a real headache for big resource companies. When my kids get older and start looking at investments, I'm definitely going to be using these examples to highlight the importance of understanding geopolitical and environmental risks, not just the balance sheet. Thoughts?