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The case comes after corrupt activities were found in a mining joint venture in Guinea.
April 30, 2019 at 04:53 AM
1 minute read
Cleary Gottlieb Steen & Hamilton has won a $2 billion commercial arbitration victory for mining giant Vale S.A, after a decade-long dispute with fellow mining company BSG Resources Ltd (BSGR).
Vale had claimed $1.25 billion in damages from its failed iron ore joint venture project with BSGR in the Simandou region of the Republic of Guinea, launched in 2010.
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