Region: Guinea

Cilins seeks to be released from custody

Counsel for Frederic Cilins, who pleaded guilty to obstructing an FCPA investigation in March, has asked District Judge William Pauley to sentence him only for the time he has already served in custody since his arrest in April 2013.

14 July 2014

BSGR sues Guinea after losing mining rights

Beny Steinmetz Group Resources (BSGR) has started arbitration proceedings against Guinea's government and president, Alpha Conde, because of its decision to revoke the company’s mining concessions last month over corruption allegations.

09 May 2014

Tullow withdraws Hyperdynamics FCPA force majeure statement

Oil and gas exploration company Tullow Guinea has withdrawn a declaration that FCPA investigations of its joint venture partner Hyperdynamics constitute a force majeure event, which would have prevented Tullow from fulfilling its contractual obligations under a joint venture agreement.

06 May 2014

Rio Tinto accuses Vale in Guinea bribery scandal

UK mining company Rio Tinto is suing Brazilian rival Vale and Beny Steinmetz Group Resources (BSGR) for allegedly conspiring to illegally take Rio Tinto’s rights to explore a region of Guinea for iron ore deposits.

01 May 2014

Guinean government revokes BSGR mining contracts

Guinea’s government has withdrawn the mining licences it issued to the joint venture between mining companies Beny Steinmetz Group Resources (BSGR) and Vale, after it discovered evidence of corruption, according to reports.

29 April 2014

BSGR bribed officials, says Guinean government investigation

After a two year investigation, the Guinean government has accused mining company Beny Steinmetz Group Resources (BSGR) of bribing government officials to win mining contracts.

10 April 2014

Investigation finds Beny Steinmetz company paid bribes in Guinea

The Guinean government says a two-year investigation has found that mining company Beny Steinmetz Resources Group (BSGR) won the rights to exploration licences in the country by paying bribes to government officials.

09 April 2014

Hyperdynamics faces securities lawsuit

Investors in oil and gas company Hyperdynamics have accused the company and its most senior directors of providing false and misleading information about the company’s FCPA investigation, according to court documents.

17 March 2014

Tullow Oil declares force majeure following government investigations

Tullow Guinea, a subsidiary of UK-based Tullow Oil, says the discovery that its business partner Hyperdynamics is being investigated by the US Department of Justice (DoJ) and US Securities and Exchange Commission (SEC) means it can no longer fulfil its contractual obligations.

13 March 2014

Additional charge brought in FCPA obstruction case

The man accused of trying to bribe a witness in an FCPA investigation of a mining company has been hit with a further charge of conspiracy. According to court documents, Frederic Cilins, from France, has been accused of conspiring with an unnamed person to obstruct an investigation of an unnamed mining company, which has been accused of paying bribes to win contracts in Guinea.

25 February 2014

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