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Simandou Mine
The Simandou mine is a large iron mine located in the Simandou mountain range of southern Guinea's Nzérékoré Region. Simandou represents one of the largest iron ore reserves in Guinea and in the world, having estimated reserves of 2.4 billion tonnes of ore grading 65% iron metal. The Pic de Fon and Ouéléba iron deposits are located approximately 4 km from one another at the southern end of the Simandou Range, approximately 550 km ESE of the capital, Conakry. Both deposits are approximately 7.5 km in length and up to 1 km wide. At both banded iron formations (metamorphosed to staurolite-grade itabirites) have been enriched to form haematite and haematite-goethite mineralisations. The potential yield of the two deposits is estimated at 2.25 billion tonnes of high-grade iron ore. Corruption and controversy The Simandou mine has known much turmoil and many mining rights disputes over the years. In 2008 Rio Tinto Group, the licensee of the Simandou ...
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Nzérékoré Region
The Nzérékoré Region ( nqo, ߒߛߙߍߜߍ߬ߘߍ߫ ߕߌ߲߬ߞߎߘߎ߲) is a region in the southern part of Guinea. Its capital and largest city is Nzérékoré. It is one of the eight regions of Guinea. It is bordered by the countries of Sierra Leone, Liberia, and Ivory Coast, and the Guinean regions of Kankan and Faranah. Administrative divisions Nzérékoré Region is divided into six prefectures; which are further sub-divided into 66 sub-prefectures: * Beyla Prefecture * Guéckédou Prefecture * Lola Prefecture * Macenta Prefecture * Nzérékoré Prefecture * Yomou Prefecture Geography Nzérékoré Region is traversed by the northwesterly line of equal latitude and longitude. The region includes several forested highlands, including the Nimba Range, Simandou Massif, and Ziama Massif. The region contains the headwaters of several rivers. The Milo, Sankarani, and Dion rivers flow northward to become tributaries the Niger River. The Moa, Lofa, St. Paul, St. John, Cav ...
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Beny Steinmetz
Beny Steinmetz ( he, בני שטיינמץ; born 2 April 1956) is an Israeli businessman and entrepreneur, with a focus in the mining and energy sectors, while being also active in the real estate and diamond-mining industries. Beny Steinmetz is the chairman and co-founder of the philanthropic trust, Agnes & Beny Steinmetz Foundation and is actively involved in the art world in Israel. Early life and family Beny Steinmetz was born in 1956 in Netanya, Israel and is the fourth child of Rubin Steinmetz, a pioneer of the diamond trade. At the age of 21, after serving three years in the military, Steinmetz emigrated from Israel to Belgium, to the famous diamond hub, Antwerp. There he began paving his long and successful career as a businessman and entrepreneur. Today Steinmetz lives in Israel with his wife Agnes and their four children. Steinmetz also holds French citizenship and describes himself as an "international Israeli." Business career Building on the family legacy and workin ...
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Serious Fraud Office (United Kingdom)
The Serious Fraud Office (SFO) is a non-ministerial government department of the Government of the United Kingdom that investigates and prosecutes serious or complex fraud and corruption in England, Wales and Northern Ireland. The SFO is accountable to the Attorney General for England and Wales, and was established by the Criminal Justice Act 1987, an Act of the Parliament of the United Kingdom. Section 2 of the Criminal Justice Act 1987 grants the SFO powers to require any person (or business/bank) to provide any relevant documents (including confidential ones) and answer any relevant questions including ones about confidential matters. The SFO is the principal enforcer of the Bribery Act 2010, which has been designed to encourage good corporate governance and enhance the reputation of the City of London and the UK as a safe place to do business. Its jurisdiction does not extend to Scotland where fraud and corruption are investigated by Police Scotland through their Specialist ...
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FRANCE 24
France 24 ( in French) is a French state-owned international news television network based in Paris. Its channels broadcast in French, English, Arabic, and Spanish and are aimed at the overseas market. Based in the Paris suburb of Issy-les-Moulineaux, the service started on 6 December 2006. It is aimed at a worldwide market and is generally broadcast by pay television providers around the world, but additionally, in 2010, France 24 began broadcasting online through its own iPhone and Android apps. It is a provider of live streaming world news which can be viewed via its website, YouTube, and various mobile devices and digital media players. The stated mission of the channels is to "provide a global public service and a common editorial stance". Since 2008 the channel has been wholly owned by the French government, via its holding company France Médias Monde, having bought out the minority share of the former partners: Groupe TF1 and France Télévisions. The budget is appro ...
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Mick Davis
Sir Michael Lawrence Davis (born 15 February 1958) is a British politician and former South African businessman, former Chief Executive and Treasurer of the Conservative Party and the chief executive (CEO) of Xstrata plc, an Anglo-Swiss multinational mining company, until its merger with Glencore in 2013. After leaving Xstrata, he formed the mining venture X2 Resources and, after making substantial donations, became the CEO and Treasurer of the British Conservative Party – a post he held until 24 July 2019. Early life and education Mick Davis was born to a South African Jewish family on 15 February 1958. He was educated at Theodor Herzl School, Port Elizabeth, South Africa. He has a bachelor of commerce degree from Rhodes University and is a qualified accountant. Career Davis was a senior manager with the accountants Peat Marwick Mitchell & Co from 1980 to 1986. Davis was an executive director of the South African state-owned Eskom, one of the world’s largest electricity ...
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Arbitration
Arbitration is a form of alternative dispute resolution (ADR) that resolves disputes outside the judiciary courts. The dispute will be decided by one or more persons (the 'arbitrators', 'arbiters' or 'arbitral tribunal'), which renders the 'arbitration award'. An arbitration decision or award is legally binding on both sides and enforceable in the courts, unless all parties stipulate that the arbitration process and decision are non-binding. Arbitration is often used for the resolution of commercial disputes, particularly in the context of international commercial transactions. In certain countries such as the United States, arbitration is also frequently employed in consumer and employment matters, where arbitration may be mandated by the terms of employment or commercial contracts and may include a waiver of the right to bring a class action claim. Mandatory consumer and employment arbitration should be distinguished from consensual arbitration, particularly commercial ...
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Black Cube
Black Cube (BC Strategy Ltd) is a private intelligence agency based in London, Tel Aviv and Madrid, which drew widespread condemnation for its work surveilling and assisting with efforts to slander the reputations of women accusing Harvey Weinstein of sexual violence and journalists reporting on them. The company was founded in 2010 by former Israeli intelligence officers Dan Zorella (in Hebrew: דן זורלא) and Avi Yanus (in Hebrew: אבי ינוס). Its employees include former members of Israeli intelligence units. Often, it has supported Israeli Defense Forces (IDF) activities. Black Cube provides intelligence, evidence, and advisory services in multi-jurisdictional legal and white collar crime cases. Its clients include primarily very high net worth individuals, oligarchs and corporations around the world, about whom Black Cube exposed fraud, bribery, money laundering, corruption and asset dissipation. The company uncovered high-level corruption in Italy, Panama, and Mex ...
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Alpha Condé
Alpha Condé (N'Ko: ; born 4 March 1938) is a Guinean politician who served as the fourth president of Guinea from 2010 to 2021. Condé spent decades in opposition to a succession of regimes in Guinea, unsuccessfully running against President Lansana Conté in the 1993 and 1998 presidential elections and leading the Rally of the Guinean People (RPG), an opposition party. Standing again in the 2010 presidential election, Condé was elected president in a second round of voting. Upon his election, he said he would strengthen Guinea as a democracy and fight corruption. When Condé took office in December 2010, he became the first freely elected president in the country's history. He was reelected in 2015 with about 58% of the vote, and again in 2020 with 59.5% after a constitutional referendum which allowed Condé to "reset" his term limit and seek two more terms. The move had been controversial and sparked massive protests before and after the referendum, which were brutally re ...
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Vale (mining Company)
Vale S.A., formerly ''Companhia Vale do Rio Doce'' (the Sweet River Valley Company, referring to the Doce River) () is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world. It also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt, currently operating nine hydroelectricity plants, and a large network of railroads, ships, and ports used to transport its products. The company has had two catastrophic tailings dam failures in Brazil: Mariana, in 2015, and Brumadinho, in 2019; the Brumadinho dam disaster caused the company to lose its license to operate eight tailings dams in Minas Gerais, and its stock to lose nearly 25 percent in value.
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The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, the paper's main news ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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Foreign Corrupt Practices Act
The Foreign Corrupt Practices Act of 1977 (FCPA) (, ''et seq.'') is a United States federal law that prohibits U.S. citizens and entities from bribing foreign government officials to benefit their business interests. The FCPA is applicable worldwide and extends specifically to publicly traded companies and their personnel, including officers, directors, employees, shareholders, and agents. Following amendments made in 1998, the Act also applies to foreign firms and persons who, either directly or through intermediaries, help facilitate or carry out corrupt payments in U.S. territory. Pursuant to its anti-bribery purpose, the FCPA amends the Securities Exchange Act of 1934 to require all companies with securities listed in the U.S. to meet certain accounting provisions, such as ensuring accurate and transparent financial records and maintaining internal accounting controls. The FCPA is jointly enforced by the Department of Justice (DOJ) and the Securities and Exchange Commissi ...
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