15
Mar
00:00
Vale transfers equity interest in Guinea joint venture back to BSGR
Vale transferred its equity interest in its Simandou joint venture in Guinea with Guernsey-based mining, metals and energy specialist BSG Resources Limited (BSGR) back to BSGR on 13 March, the Brazilian miner tells Kallanish.
The Government of Guinea revoked the joint venture's mining rights in April 2014, without any finding of wrongdoing on the part of Vale, the company says. This followed a governmental investigation arising from allegations of fraud …
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