JOHANNESBURG, Feb 25 (Reuters) - Israeli billionaire Beny Steinmetz's BSG Resources will walk away from Guinea's massive Simandou iron ore project as part of a settlement ending a long-running dispute with the Guinean government, the company said in a statement on Monday.
Under the deal, the two parties will drop outstanding procedures related to the dispute, and Steinmetz will seek a new group of investors to develop the smaller Zogota iron ore deposit, the statement said.
News: RIO Steinmetz's BSGR to walk away from Guinea's Simandou -statement
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| RIO (ASX) Chart |