In November 2025, during the United Nations Climate Change Conference in Brazil, (COP30), the Federal Government of Brazil presented the New Rio Doce Agreement, highlighting it as an international model of governance, reparation, and institutional articulation for the recovery of scenarios with significant socio-environmental impact.

During the panel "Rio Doce: justice, governance, and financing of sustainable public policies for disaster recovery," representatives from the Federal Government, the Judiciary, and institutions involved in the recovery process of the region affected by the Samarco's Fundão dam collapse in 2015, discussed the Brazilian experience on the matter. The objective was to share lessons learned and solutions that could inspire other countries in building more effective responses to cases of the same nature.

Approved in November 2024, the New Rio Doce Agreement is the result of three years of negotiations, making it the largest socio-environmental agreement in Brazilian history. It establishes a commitment to ensure that reparation is accelerated and definitive for the communities. With an estimated value of R$ 170 billion, the agreement foresees transfers over 20 years, distributed among individual indemnities, socioeconomic actions, and environmental recovery.

Among the pillars of the presented model are:

• Multisectoral Governance: Integration among the Union, states (Minas Gerais and Espírito Santo), affected municipalities, judiciary, control bodies, and civil society.

• Social Participation: Creation of mechanisms that ensure an active voice for affected communities.

• Structuring Climate Financing: Resources allocated to permanent public policies for risk prevention and management.

BHP, from the outset, maintained a commitment to reparation in Brazil. The company actively participated in the three years of negotiations that contributed to the construction of the Agreement, which considered the complexity of the situation and the interdisciplinarity required to meet all demands. This entire process demonstrates the capacity of the Brazilian judicial system to articulate comprehensive solutions for these cases.

BHP's Commitment

Emir Calluf, President of BHP Brasil, comments: "The complexity of the Rio Doce reparation required a continuous process of dialogue and negotiation. The Agreement is the materialization of a pragmatic and effective path, which prioritizes direct benefits for communities and the environment, consolidating a comprehensive and lasting solution to the challenges."

BHP, as one of Samarco's shareholders in a joint venture, recognizes the importance of the New Rio Doce Agreement as a milestone for comprehensive reparation and collaborative governance. From the very beginning, BHP has been and continues to be absolutely committed to this process in Brazil, reiterating its commitment to assist Samarco in fulfilling the obligations outlined therein, prioritizing transparency and dialogue with communities and authorities maintained through informative channels about the progress of the reparation.

This action is aligned with BHP global vision of contributing to responsible mining and solutions that promote socio-environmental justice and sustainable development