Beny Steinmetz

Tycoon Beny Steinmetz is using every device he can to contest the Conakry government's decision to take away his iron-ore mining licence...

Steinmetz who is under investigation along with his Beny Steinmetz Group Resources (BSGR) now claims President Alpha Condé won a rigged election in 2010 and promised his licences to South African interests...

No sooner had the Guinean government cancelled the licences of Beny Steinmetz and Brazil's Vale for the Simandou iron ore deposit than Rio Tinto sued them in New York...

The claim for 'compensatory consequential exemplary and punitive' damages also names Beny Steinmetz Group Resources (BSGR) intermediaries for Steinmetz and several Guineans including ex-Mining Minister Mahmoud Thiam (AC Vol 55 No 8 Beny fights on)...

If the Guinean government cancels the licences of the Beny Steinmetz Group Resources to exploit Blocks 1 and 2 of the Simandou iron-ore reserves the BSGR will continue its legal fight to reverse the decision a source close to the company told Africa Confidential...

Beny Steinmetz the Israeli billionaire whose stake in Guinea's giant Simandou iron ore deposit is in dispute is having a bad year...

Last month Beny Steinmetz Group Resources received a letter informing it that the technical panel reviewing mining contracts in Guinea had advised the government to cancel its licence to exploit the northern part of Simandou Blocks 1 and 2 because the panel had found gross irregularities in the way the firm had obtained the concession in 2008 (AC Vol 54 No 13 Condé takes on Steinmetz)...

Beny Steinmetz's continual clashes with the government will persist...

The other half of Simandou Blocks 1 and 2 are controlled by Israeli diamond magnate Beny Steinmetz's BSG Resources and Brazil's Vale...

Some local media suggested that his campaign was partly financed by the controversial firm Beny Steinmetz Group Resources (BSGR) which is currently embroiled in a bitter battle with the government over its iron-ore concession at Simandou (AC Vol 54 No 13 Condé takes on Steinmetz)...

President Alpha Condé has escalated his government's row with Geneva-based Beny Steinmetz Group Resources over the legitimacy of its stake in the Simandou iron ore mine...

At the heart of the fight for Simandou are President Alpha Condé’s government and three international mining houses: Anglo-Australian Rio Tinto which has a controlling stake in Simandou Blocks 3 and 4 and Beny Steinmetz Group Resources (BSGR) which together with Brazil’s Vale control Simandou Blocks 1 and 2...

Beny Steinmetz the Israeli mining magnate who has massive investments in Congo-Kinshasa and Guinea is suing the public relations company FTI Consulting and its Europe Chairman Lord Mark Malloch-Brown...

Steinmetz appointed FTI as advisor to himself and his firm Beny Steinmetz Group Resources in May 2009...