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.
A key associate of mining magnate Beny Steinmetz has declined to testify at an arbitration hearing in Paris at the last minute, on the advice of his lawyers.
Israeli billionaire Beny Steinmetz is suspected of paying tens of millions of dollars as a bribe to the Guinean president.
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.
An Aim-listed diamond explorer is planning a “transformation deal” that will create Sierra Leone’s second-biggest diamond mine from two “high-grade” deposits.