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Mining company Benz Steinmetz Group Resources (BSGR), which is fighting a Rio Tinto lawsuit alleging BSGR robbed Rio Tinto of mining rights in Guinea, has asked for a delay in discovery as it seeks to dismiss the case.
09 October 2014
The trust governing Beny Steinmetz Group Resources (BSGR) has begun an internal investigation of allegations that it bribed officials to gain mining rights in Guinea, a source has told Bloomberg.
11 September 2014
A Guernsey-based company has made good on its threat to bring an ICSID claim against Guinea over the revocation of mining rights in the wake of a bribery investigation. By Douglas Thomson.
11 September 2014
French citizen Frédéric Cilins has been sentenced to two years in prison for obstructing a bribery investigation into the award of mining rights in the Republic of Guinea, the US Department of Justice (DoJ) has announced.
28 July 2014
The US Department of Justice has asked a federal judge to sentence French national Frédéric Cilins to three years’ imprisonment for attempting to obstruct an FCPA investigation, as a lengthy sentence would “punish his conduct fairly”.
22 July 2014
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
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
Oil and gas exploration company Tullow Guinea has withdrawn a declaration that FCPA investigations of its joint venture partner Hyperdynamics constitute a force majeure event, which would have prevented Tullow from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
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
Guinea’s government has withdrawn the mining licences it issued to the joint venture between mining companies Beny Steinmetz Group Resources (BSGR) and Vale, after it discovered evidence of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
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