Date: 10 April 2019 , 08:45
News ID: 4293
NEWS SERVICE: MINES and MINERALS

Vale says BSG ordered to pay it $1.25B

SAO PAULO – Vale SA said on Tuesday a London arbitration court had ordered BSG Resources Limited to pay the iron ore miner $1.246 billion related to a dispute between the companies over a joint venture in Guinea.
Vale says BSG ordered to pay it $1.25B

The joint venture intended to explore for iron assets at the Simandou prospect, but the concession was revoked in 2014 by Guinea's government.

source: MINING.COM
Vale London BSG iron ore miner venture
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