Live Breaking News & Updates on எட்வார்டொ லெட்ஷாம்
Stay updated with breaking news from எட்வார்டொ லெட்ஷாம். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Steinmetz bets on Brazilian investigation against Vale Israeli billionaire Beny Steinmetz has been at the centre of an international investigation into alleged bribery to win mining rights in Guinea. Image from Beny Steinmetz’s website. Israeli diamond and mining tycoon Beny Steinmetz is betting on Brazil’s authorities in his battle against Vale. In January, the billionaire businessman was found guilty of bribing a public official to secure the giant Simandou iron-ore mine in Guinea. He was sentenced to five years, but his lawyers say they will appeal all the way to the Supreme Court. Sign Up for the Iron Ore Digest ....
Brazil’s Bahia Mineracao starts production at iron ore mine – CEO Brazilian miner Bahia Mineracao, a subsidiary of Kazakhstan’s Eurasian Resources Group, started production at a mine in northeastern Brazil with expected 2021 output of 1 million tonnes of iron ore, its chief executive said on Tuesday. Bahia Mineracao plans to double output at the Pedra de Ferro mine in Bahia state to 2 million tonnes of iron ore by next year, CEO Eduardo Ledsham said in an interview. The mine shipped its first cargo of ore in January, with first-quarter sales only to the domestic market, Ledsham said. Foreign shipments are expected to begin in April, he said. ....
(Adds more chief executive comments) RIO DE JANEIRO, Feb 2 (Reuters) - Brazilian miner Bahia Mineracao, a subsidiary of Kazakhstan’s Eurasian Resources Group, started production at a mine in northeastern Brazil with expected 2021 output of 1 million tonnes of iron ore, its chief executive said on Tuesday. Bahia Mineracao plans to double output at the Pedra de Ferro mine in Bahia state to 2 million tonnes of iron ore by next year, CEO Eduardo Ledsham said in an interview. The mine shipped its first cargo of ore in January, with first-quarter sales only to the domestic market, Ledsham said. Foreign shipments are expected to begin in April, he said. ....