00 days
00 hours
00 mins
00 secs
Special offer: -15%15% OFF your subscription
Consult our offers
Your account has been succesfully created.
EN FR
Scroll through edition

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

Read this article in our running story
“Simandou, Nimba and Zogota: the long and difficult road to the start of iron ore production”
Guinea

Simandou, Nimba and Zogota: the long and difficult road to the start of iron ore production

Guinea, which has some of the biggest unexploited iron ore deposits in the world in its south eastern corner, is also one of the countries in which they are the most difficult to bring into production, principally because of the absence of infrastructures to evacuate the ore. Société Minière de Boké, which has the rights to the northern part of the Simandou project, still believes in its project, however, and this could serve to encourage its neighbours in the southern part, Rio Tinto and Chinalco. Two other nearby iron ore bodies have also attracted the leading figures of the international mining sector, Nimba and Zogota. All this seems to be attracting new investors to adjoining exploration permits. [...]
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. [...]
Reading time 3 minutes
Read this article in our running story
“Simandou, Nimba and Zogota: the long and difficult road to the start of iron ore production”
Guinea

Simandou, Nimba and Zogota: the long and difficult road to the start of iron ore production

Guinea, which has some of the biggest unexploited iron ore deposits in the world in its south eastern corner, is also one of the countries in which they are the most difficult to bring into production, principally because of the absence of infrastructures to evacuate the ore. Société Minière de Boké, which has the rights to the northern part of the Simandou project, still believes in its project, however, and this could serve to encourage its neighbours in the southern part, Rio Tinto and Chinalco. Two other nearby iron ore bodies have also attracted the leading figures of the international mining sector, Nimba and Zogota. All this seems to be attracting new investors to adjoining exploration permits. [...]

15% OFF your subscription

Special offer: Only 9d and 14h to take advantage of it

Consult our offers

This offer is open to all new subscribers and runs until 19/12/2025

Related topics to this article

Read also

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.

LogoSubscribers 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.

LogoSubscribers only Mining 30.04.2020

15% OFF your subscription

Special offer: Only 9d and 14h to take advantage of it

Consult our offers

This offer is open to all new subscribers and runs until 19/12/2025

Related topics to this article

  1.  Home  
  2.  West Africa 
  3.  Vale move to drop Steinmetz case delights New York real estate firms 
Mining

Sign up for real-time alerts and be notified of new editions!  

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!