LONDON, (Reuters) – BHP BHP.AX is liable for the 2015 collapse of a dam in southeastern Brazil, London’s High Court ruled today, in a lawsuit the claimants’ lawyers previously valued at up to 36 billion pounds ($48 billion).

Hundreds of thousands of Brazilians, dozens of local governments and around 2,000 businesses sued BHP over the collapse of the Fundao dam in Mariana, southeastern Brazil, which was owned and operated by BHP and Vale’s VALE

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