Guinea: Iscid rules against BSGR over Simandou iron ore project

Issue 461 - 27 May 2022

The World Bank Group’s International Centre for Settlement of International Disputes (Icsid) has ruled in the Conakry government’s favour that there was overwhelming evidence that Beny Steinmetz’s BSG Resources (BSGR) obtained mining rights for the Simandou iron ore project’s blocks 1 and 2 through corrupt practices.

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