https://www.reuters.com/article/us-vale-sa-lawsuit-idUSKBN22Y2XQ

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LONDON/JOHANNESBURG (Reuters) - Billionaire Beny Steinmetz’s BSG Resources Ltd (BSGR) is seeking to reopen an arbitration case that ordered it to pay $1.25 billion to Brazilian minder Vale SA over an abandoned mining joint venture in Guinea. FILE PHOTO: The headquarters of of mining company Vale SA is pictured, after the collapse of a tailings dam in an iron mine in Brumadinho in Brazil, in St-Prex, Switzerland January 30, 2019. REUTERS/Denis Balibouse. BSGR has filed documents, seen by Reuters, with a U.S. court which it said shows that Vale was aware of potential bribery or “red flags” when the companies partnered to develop Simandou, one of the world’s biggest iron ore deposits containing billions of tonnes of the steelmaking ingredient. Full story

23 May

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