World Bank Wants Out of Guinea
The World Bank’s International Finance Corporation is leaving the project, according to reports, having exercised a right to ask Rio Tinto (LN:RIO) and partner Chinalco to buy out its 4.6% holding in the joint venture.
Billionaire Beny Steinmetz Cuts Down on Diamonds
Controversial Israeli billionaire Beny Steinmetz has offloaded Tonguma, one of the Sierra Leone diamonds projects owned by his London-based BSGR subsidiary Octea Mining, to AIM-listed Stellar Diamonds.
China Fund Tied To Angola and Guinea Owns Wall Street Real Estate
China International Fund, the little-known Hong Kong-registered company whose $7 billion minerals-and-infrastructure deal with Guinea last month grabbed headlines, has drawn scrutiny for its connections with a Chinese government-owned entity. But the Hong Kong company’s parent also has noteworthy ties elsewhere.