Israeli tycoon Beny Steinmetz was detained by police on Monday for his suspected role a sprawling corruption case involving tens of millions of dollars. Read more
BSG has jumped on the emails Rio Tinto says it found in August that proved the company had paid an associate of Guinean president Alpha Condé US$10.5 million. Read more
Rio Tinto’s Guinean payment scandal has deepened, with bitter rival Beny Steinmetz threatening to sue for billions of dollars in damages after alleging the leaked emails at the centre of the scandal show Rio had a hand in stripping his company of valuable iron ore tenements in the African nation. Read more
A former minister of mines of Guinea, Mahmoud Thiam has told Bloomberg that the head of Rio Tinto’s Guinea operation, Steven Din, offered him a bribe six years ago. Read more
If you want to do business in the west African nation of Guinea it seems there is a good chance you will bump into Francois de Combret. Read more
World number two miner Rio Tinto is exiting the world’s largest mining project, by selling its stake in Guinea’s Simandou iron ore to partner Chinalco, potentially opening up a new path to development for the $20 billion project. Read more
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