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Vol 51 No 10

Published 14th May 2010


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.

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