July 28 (Reuters) - BHP Billiton (LON:BLT) Ltd:
* Bhp billiton ltd - update samarco
* "Will recognise a provision in the range of US$1.1 billion to US$1.3 billion"
* Further short-term facility of up to US$116 million is being made available to Samarco to carry out remediation and stabilisation work
* Also approved US$134 million to support the foundation to allow the continuation of reparatory and compensatory programs
* Associated income statement charge will be recognised as an exceptional item in June 2016 half-year, together with direct costs of about US$100 million (post tax)
* Short-term facility will preserve the value of BHP billiton's investment
* Foundation provided for under agreement has been established to deliver the socioeconomic and environmental programs outlined in agreement
Source text for Eikon ID:nASX4LGhqf