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Spotlight | Guinea
Vale contests BSGR's new counsel in $2bn Simandou iron ore battle

After starting a trial in the US to demonstrate that its former partner on the Simandou iron ore project, Beny Steinmetz, had fraudulently invested funds in New York property, the Brazilian mining group Vale believes its opponent's new lawyer has been picked to undermine the proceedings. [...]

Published on 13/05/2021 at 06:00 GMT Reading time 2 minutes

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Mining

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Amit, Pollak, Matlon & Co
Arsuf Trust
Balda Foundation
Beny Steinmetz
Beny Steinmetz Group Resources
Cleary Gottlieb Steen & Hamilton
Doron Levy
Nysco Management Corp
Ona Wang
Perfectus Real Estate Corp
Proskauer Rose
Tarpley Belnord Corp
Vale

Guinea, United Kingdom, United States
Vale move to drop Steinmetz case delights New York real estate firms

Brazilian mining group Vale has dropped its lawsuit in the UK to recover $2bn from Israeli businessman Beny Steinmetz. The decision has led to the termination in the US of a related case involving New York property firms.

Subscribers only Mining 22.02.2022

Guinea
Beny Steinmetz: what consequences will end of fight against Soros have for Vale battle?

The action brought by BSGR against George Soros, which has now been voluntarily abandoned, was a key element in Beny Steinmetz's legal strategy against Vale.

Subscribers only Mining 10.11.2021

Spotlight | Sierra Leone
From ECOWAS to New York: Beny Steinmetz diamonds on trial in three jurisdictions

People living close to the Koidu diamond mine in Sierra Leone fear the dismissal of a domestic court case against Beny Steinmetz's company Octea, which they accuse of violence and pollution. A US court, however, has upheld their disclosure demands, while a separate case before an ECOWAS court is due out next year.

Subscribers only Mining 27.10.2021

Guinea, Sierra Leone
Sierra Leone activists take action against Beny Steinmetz before the US courts

Sierra Leone NGO Marginalised Affected Property Owners, which is taking legal action in the country against Beny Steinmetz Group Resources to obtain recognition of the environmental and social damage caused by its Koidu diamond mine, has asked a US court to give it access to documents it hopes will help it win its case.

Subscribers only Mining 27.08.2021

Inner circles | Guinea
Magassouba and Nimaga, the dynamic duo running the mining ministry

Abdoulaye Magassouba has been reappointed as Minister of Mines and Geology in Alpha Condé's first third-term government. His dominant position as head of the sector which brings in the most revenues for the state often comes under challenge, however, from the ministry's all-powerful secretary general, Saadou Nimaga.

Subscribers only Mining 07.05.2021

The Minister of Mines Abdoulaye Magassouba (left) and his secretary-general, Saadou Nimaga.

Guinea
BSGR and Vale continue Simandou war by other means

After the conviction of its former partner Beny Steinmetz in Switzerland, the Vale group, which itself is suing the businessman, has launched a PR campaign to try to bounce back. The Israeli tycoon is using the same tactics.

Subscribers only Mining 11.02.2021

Guinea
Simandou: Beny Steinmetz gambling on ICSID in his case against George Soros

To keep his case against George Soros from being dismissed by the New York courts, Beny Steinmetz claims evidence introduced to the ICSID proves he is not guilty of corruption.

Subscribers only Mining 21.12.2020

Guinea
Simandou: Rio Tinto riposts to Beny Steinmetz's attack on the Polge de Combret affair

Rio Tinto, which is in dispute with Beny Steinmetz over the loss of its mining rights on blocks 1 and 2 on the Simandou iron ore project, has been stung by an attempt by the Israeli businessman to bring up another affair involving alleged bribery on its part for mining rights on blocks 3 and 4 at Simandou.

Subscribers only Mining 11.09.2020

Guinea
Beny Steinmetz counter-attacks Vale in Simandou saga, insisting it was aware of licence risks

In his latest legal broadside against Vale about a joint venture on Guinea's Simandou iron ore project, Israeli businessman Beny Steinmetz rejects all accusations of wrongdoing. Claiming that the Brazilian mining giant knew the score before teaming up with his company, Steinmetz says it cannot now sue him on this front.

Subscribers only Mining 27.05.2020

Beny Steinmetz, CEO of Beny Steinmetz Group Resources

Spotlight | Guinea
Vale goes after property magnates Ziel Feldman and Rene Benko to secure compensation from BSGR over Simandou iron ore

The Brazilian firm Vale has filed a legal action seeking to establish if part of the funds that it paid to Beny Steinmetz's company within the framework of their Simandou iron ore partnership in Guinea was used for property investments in the United States.

Subscribers only Mining 30.04.2020

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Amit, Pollak, Matlon & Co
Arsuf Trust
Balda Foundation
Beny Steinmetz
Beny Steinmetz Group Resources
Cleary Gottlieb Steen & Hamilton
Doron Levy
Nysco Management Corp
Ona Wang
Perfectus Real Estate Corp
Proskauer Rose
Tarpley Belnord Corp
Vale

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Spotlight | Guinea
Vale contests BSGR's new counsel in $2bn Simandou iron ore battle

This article may be accessed by subscribers

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Set up email notifications for these topics

Guinea, United Kingdom, United States
Vale move to drop Steinmetz case delights New York real estate firms

Guinea
Beny Steinmetz: what consequences will end of fight against Soros have for Vale battle?

Spotlight | Sierra Leone
From ECOWAS to New York: Beny Steinmetz diamonds on trial in three jurisdictions

Guinea, Sierra Leone
Sierra Leone activists take action against Beny Steinmetz before the US courts

Inner circles | Guinea
Magassouba and Nimaga, the dynamic duo running the mining ministry

Guinea
BSGR and Vale continue Simandou war by other means

Guinea
Simandou: Beny Steinmetz gambling on ICSID in his case against George Soros

Guinea
Simandou: Rio Tinto riposts to Beny Steinmetz's attack on the Polge de Combret affair

Guinea
Beny Steinmetz counter-attacks Vale in Simandou saga, insisting it was aware of licence risks

Spotlight | Guinea
Vale goes after property magnates Ziel Feldman and Rene Benko to secure compensation from BSGR over Simandou iron ore

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Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

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Spotlight | Guinea Vale contests BSGR's new counsel in $2bn Simandou iron ore battle

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

Guinea, United Kingdom, United States Vale move to drop Steinmetz case delights New York real estate firms

Guinea Beny Steinmetz: what consequences will end of fight against Soros have for Vale battle?

Spotlight | Sierra Leone From ECOWAS to New York: Beny Steinmetz diamonds on trial in three jurisdictions

Guinea, Sierra Leone Sierra Leone activists take action against Beny Steinmetz before the US courts

Inner circles | Guinea Magassouba and Nimaga, the dynamic duo running the mining ministry

Guinea BSGR and Vale continue Simandou war by other means

Guinea Simandou: Beny Steinmetz gambling on ICSID in his case against George Soros

Guinea Simandou: Rio Tinto riposts to Beny Steinmetz's attack on the Polge de Combret affair

Guinea Beny Steinmetz counter-attacks Vale in Simandou saga, insisting it was aware of licence risks

Spotlight | Guinea Vale goes after property magnates Ziel Feldman and Rene Benko to secure compensation from BSGR over Simandou iron ore

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

Spotlight | Guinea
Vale contests BSGR's new counsel in $2bn Simandou iron ore battle

Guinea, United Kingdom, United States
Vale move to drop Steinmetz case delights New York real estate firms

Guinea
Beny Steinmetz: what consequences will end of fight against Soros have for Vale battle?

Spotlight | Sierra Leone
From ECOWAS to New York: Beny Steinmetz diamonds on trial in three jurisdictions

Guinea, Sierra Leone
Sierra Leone activists take action against Beny Steinmetz before the US courts

Inner circles | Guinea
Magassouba and Nimaga, the dynamic duo running the mining ministry

Guinea
BSGR and Vale continue Simandou war by other means

Guinea
Simandou: Beny Steinmetz gambling on ICSID in his case against George Soros

Guinea
Simandou: Rio Tinto riposts to Beny Steinmetz's attack on the Polge de Combret affair

Guinea
Beny Steinmetz counter-attacks Vale in Simandou saga, insisting it was aware of licence risks

Spotlight | Guinea
Vale goes after property magnates Ziel Feldman and Rene Benko to secure compensation from BSGR over Simandou iron ore