BSG Resources Ltd., the mining company controlled by Israeli billionaire Beny Steinmetz, called on U.K. Prime Minister Tony Blair to help get two of its employees released from “illegal detention” in Guinea.
BlackRock Inc.’s Evy Hambro, who manages the $10 billion World Mining Fund, says he will seek talks with Rio Tinto Group management on a planned iron-ore expansion that some analysts say will result in lower prices.
A corruption probe into how a group run by Israel’s richest person secured rights to a Guinea iron ore project is set to spark interest from rival companies looking to swoop on one of the world’s most valuable deposits.
BSG Resources Ltd., a mining company controlled by Israel’s richest man, is prepared to use the law including international arbitration to prevent Guinea stripping it of one of the world’s most valuable iron-ore deposits.
Glencore Xstrata Plc wants to win over investors in the newly combined group with plans to study special dividends and share buybacks after completing a deal that creates the biggest zinc producer and steam-coal exporter.