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.
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Last
$115.44 |
Change
1.200(1.05%) |
Mkt cap ! $42.85B | |||
| Open | High | Low | Value | Volume |
| $114.00 | $116.08 | $113.56 | $130.6M | 1.134M |
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| No. | Vol. | Price($) |
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| 2 | 2068 | $115.44 |
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| Price($) | Vol. | No. |
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| $115.61 | 7000 | 1 |
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| RIO (ASX) Chart |