Rio Tinto Faces Multibillion-Dollar Simandou Suit

The troubles for mining giant Rio Tinto (NYSE: RIO) continue to mount in connection to its failed foray into the Republic of Guinea’s massive Simandou project. One-time mine owner BSG Resources has advised Rio Tinto that it plans to file multibillion-dollar lawsuits against it, alleging that it paid bribes to Guinea officials to secure rights to the project — rights that were stripped from BSG. …read more

Read more here: Rio Tinto Faces Multibillion-Dollar Simandou Suit

Category: RIO

Leave a Reply

%d bloggers like this: