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BHP's liability offer for 2015 Samarco dam disaster removes an overhang - JPM

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** Analysts at J.P. Morgan say the $25.7 bln liability settlement offer by global miner BHP Group BHP.AX regarding the Samarco dam disaster removes a potential overhang

** BHP on Tuesday released an update in relation to a statement from Samarco SAMNE.UL , BHP Brasil and Vale VALE3.SA on a proposal for settlement relating to Samarco's Mariana tailings dam accident in 2015

** BHP stated that its share of the offer falls within the BHP Brasil $6.5 bln provision as per the Dec'23 accounts

** Jefferies views this update as having the potential to remove a key uncertainty and risk to the balance sheet

** JPM has a PT of A$52 on BHP and maintained an "Overweight" rating

** Stock has fallen 14.6% this year as of last close

Reporting by Rishav Chatterjee in Bengaluru


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