Vale Sets Samarco Dam Bill Estimate At $30B, BHP Faces UK's High Court

Brazillian mining company Vale (NYSE:VALE) has estimated the fines and compensation costs related to the 2015 Samarco dam collapse at $30 billion. 

After years of negotiations between the Brazilian federal and state governments and Vale, BHP (NYSE:BHP), and Samarco Mineração joint venture, the resolution for one of the worst environmental disasters in Brazil's history is approaching.

The settlement under discussion would cover past and future obligations. Of the total $30 billion, $7.2 billion has already been invested in remediation and compensation efforts over the past years.

Another $19 billion will be paid over 20 years to fund compensatory programs aimed at the Brazilian government and the states of Minas Gerais ...