Aug 30 (Reuters) - BHP Billiton (LON:BLT) Ltd BHP.AX :
* Samarco update
* Panel of 4 geotechnical specialists published findings into causes of failure
of FundãO tailings dam at iron ore operations of Samarco
* Dean Dalla Valle, BHP Billiton's chief commercial officer, said the dam
failure had a devastating impact
* Vale, BHP Billiton brasil and Samarco jointly commissioned Cleary Gottlieb
Steen & Hamilton LLP to investigate cause of failure
* Separately undertaken a comprehensive review of significant dams, which has
confirmed that those dams are stable
* Says reviewing non-operated minerals joint ventures in its portfolio
* Says will centralise management of all major non-operated minerals joint
ventures in the minerals americas operating group
* Says will establish a new BHP Billiton global standard for non-operated
minerals joint ventures
* Will apply the process for dam safety reviews developed by the Canadian Dam
Association at all of its minerals assets
Source text for Eikon ID:nL1N1BA1CY
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