22
Nov
09:54
US court dismisses Rio Tinto case against Vale
Iron ore miner Vale tells Kallanish that a US court has dismissed a claim filed against it by fellow iron ore producer Rio Tinto over mining rights in the companies’ Simandou, Guinea iron ore joint venture.
Rio Tinto had claimed that Vale and fellow developer BSG Resources (BSGR) had violated the U.S. Racketeer Influence and Corrupt Organisations Act (RICO) in relation to Rio Tinto's loss of certain Simandou mining rights.
In 2014, the Government of…
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