Jump to navigation

Vol 51 No 10

Published 14th May 2010


Guinea

Beny’s railway coup

The colourful Israeli billionaire Beny Steinmetz has finalised two remarkable deals this year: he has sold 51% of his iron ore mining operations in Guinea to Brazil’s Vale for US$2.5 billion and he has just persuaded the Conakry government to export ore from his Zogota and Simandou concessions in the remote Forestiere region via the Nimba-Buchanan railway in Liberia, which is being rehabilitated by ArcelorMittal.

End of preview - This article contains approximately 239 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.