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MINERALS   Iron Ore  

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.

The joint venture intended to explore for iron assets at the Simandou prospect, but the concession was revoked in 2014 by Guinea's government.

News No: 4293
Date: 2019/04/10 - 08:45
News Source: MINING.COM

Vale  London  BSG  iron ore miner  venture 

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