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Billionaire vs. Billionaire: Israel’s Steinmetz Sues Soros

A mining company owned by one of Israel’s wealthiest businessmen filed a suit on Friday against the Jewish-American billionaire George Soros, accusing him of a long-running campaign to sabotage his business efforts in the African country of Guinea, Bloomberg reported Saturday. Read more

Israeli Billionaire Beny Steinmetz Arrested

Israeli billionaire Beny Steinmetz, a well-known strategic adviser and three other businessmen were detained for questioning under caution on Monday over allegedly using fake contracts to move and launder money. Read more

UK’s Serious Fraud Office Launches Rio Tinto Corruption Probe

The UK’s anti-fraud investigating body said Monday it is probing Rio Tinto’s dealings in Guinea involving the giant Simandou iron ore project. Read more

Inside Simandou

e are Israelis and we know how to fight. We are not going to let it go.” Beny Steinmetz’s words to a tribunal in Paris two weeks ago capped a colourful testimony via videolink from Israel. Read more

Beny Steinmetz May Have To Pay $1.2B For No Show At Simandou

BSG Resources, the mining arm of tycoon Beny Steinmetz’s empire, may have to pay as much as $1.2 billion to Vale (NYSE:VALE), its former partner in the massive Simandou iron ore project in Guinea, after choosing to skip a related arbitration hearing in London. Read more