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China's Trade Attack On Australia Is Producing Perverse Results | Hellenic Shipping News Worldwide

China’s attempt to punish Australia over a range of disputes, including the origin of the Covid-19 pandemic, continue to produce contradictory results and have the potential to keep key commodity prices higher for longer. A ban on Australian thermal coal used to generate electricity has seen ships with cargoes of Australian coal left at anchor ...
Rio Tinto United Kingdom South Korea South Korean Chinese Government ரியோ டின்டோ

Israeli magnate faces corruption charges in Geneva over Guinea deals

Israeli magnate faces corruption charges in Geneva over Guinea deals AFP 1/11/2021 AFP © JACK GUEZ French-Israeli diamond magnate Beny Steinmetz is accused of paying millions of dollars in bribes to Guinean officials in exchange for lucrative rights to mine iron ore After a drawn-out international investigation, French-Israeli diamond magnate Beny Steinmetz goes on trial in Geneva Monday over allegations of corruption linked to mining deals in Guinea. The trial, due to open...
Rio Tinto United States Alpha Conde Lansana Conte Marc Bonnant Yves Bertossa
Source: msn.com

Iron ore demand powered price rises in 2020 — will that continue?

China's stimulus-driven economic recovery proved to be a boon for iron ore prices last year, but demand will likely soften once those measures wind down.
Rio Tinto United States Trading Economics ரியோ டின்டோ ஒன்றுபட்டது மாநிலங்களில் வர்த்தக பொருளாதாரம்

Steinmetz and European, US advisers on trial for mining 'corruption pact' in West Africa

January 11, 2021 Update, Jan. 22: Beny Steinmetz and two colleagues were convicted in Geneva on charges related to a bribery scheme. Steinmetz, sentenced to five years in jail and ordered to pay 50m Swiss francs ($56.5 million), said he will appeal the guilty verdict.  Lawyers, bankers and professional advisers in Europe and the United States enabled corruption in one of the world’s poorest countries, Swiss officials allege in a highly-anticipated criminal case that open...
United States New York France General City Of United Kingdom British Virgin Islands
Source: icij.org

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