GUINEA Issue dated 27/05/2020

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

Beny Steinmetz, CEO of Beny Steinmetz Group Resources
Beny Steinmetz, CEO of Beny Steinmetz Group Resources ©Shaun Curry/Financial Times-REA
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. [...] (339 words)
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