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Steinmetz sentenced to jail as Simandou concerns persist

A Geneva court has sentenced Israeli mining magnate Beny Steinmetz to five years in jail for bribing officials in Guinea as part of his attempt to gain control of the country’s massive Simandou iron ore deposit located in the country’s south-east.

Steinmetz sentenced to jail as Simandou concerns persist Steinmetz sentenced to jail as Simandou concerns persist Steinmetz sentenced to jail as Simandou concerns persist Steinmetz sentenced to jail as Simandou concerns persist Steinmetz sentenced to jail as Simandou concerns persist

The Simandou iron ore deposit located in Guinea's south east

Steinmetz was found guilty of bribing Mamadie Touré - the fourth wife of Guinea's late president Lansana Conté - with payments of $8.5 million.