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Steinmetz says probe against Vale “alive, well and kicking”
Israeli billionaire Beny Steinmetz has been at the centre of an international investigation into alleged bribery to win mining rights in Guinea. (
Billionaire Beny Steinmetz, the founder and owner of a company embroiled in a long-drawn-out dispute with Vale (NYSE: VALE) over lost rights to the Simandou iron ore project in Guinea, said the Brazilian miner is trying to confuse the public.
The miner said on Monday that the Federal Prosecutors’ Office 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 deposit.
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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