Vale says Steinmetz-triggered probe in Brazil over Simandou closed
Beny Steinmetz. (
Vale (NYSE: VALE) said on Monday that billionaire Beny Steinmetz, the founder and owner of a company embroiled in a long-drawn-out dispute with the Brazilian miner over lost rights to an iron ore project in Guinea, has lost his latest battle against the Brazilian miner.
The Rio de Janeiro-based firm said on Monday that Brazil’s federal prosecutors had closed an investigation into CEO Eduardo Bartolomeo, and other executives and former directors over alleged illegal practices related to the deal to explore the Simandou iron ore deposit.
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Rosario Robles no se declara culpable; va a juicio – Diario Amanecer
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