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Chinese, foreign consortiums reach deals with Guinean government on Simandou iron ore project's infrastructure buildup

China Baowu Steel Group Corp and the joint ventures formed by Chinese and foreign enterprises SMB Winning Consortium and Simfer, have signed an infrastructure buildup agreement with Guinean government, reaching important cooperation consensus on joint investment and development of railways and ports of the Simandou project in Guinea, according to Baowus Wechat account over the weekend.
Iron Ore

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Israel drops charges against magnate Beny Steinmetz

Israeli authorities have dropped all criminal charges against Beny Steinmetz, a French-Israeli billionaire suspected of money laundering, and instead agreed to a financial settlement, according to court documents seen by AFP on Friday.The co-founder of mining firm Beny Steinmetz Group Resources was detained in August 2017 and then released as part of an investigation into alleged money laundering.
Ronen Rosenbloom Beny Steinmetz Beny Steinmetz Group Resources Nati Simchony

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