BSGR in voluntary administration


Issue 365 - 15 Mar 2018 | 1 minute read

Israeli billionaire Beny Steinmetz’s mining company BSG Resources (BSGR) has voluntarily entered administration to protect it from legal disputes related to the Simandou project in Guinea. Business advisory firm BDO said the Royal Court of Guernsey had appointed two of its representatives as joint administrators on 6 March. “Our primary objective is to return BSGR to solvency and to ensure that all creditors will be paid in full.

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