BSGR execs signed over 5% stake to Conte's wife for Simandou concession

BSG Resources (BSGR) executives signed over a 5% stake in the company to a wife of a former Guinean dictator to acquire two blocks of the Simandou iron ore project, according to documents seen by a source close to the Guinea government.

Documents dated February 20 2006, suggest that the Guinean arm of BSGR – the mining company controlled by Israeli diamond tycoon Beny Steinmetz – promised to transfer 17.65% of its...


Michelle Madsen

April 19, 2013

16:20 GMT