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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Bill Steinman
Contributing Editor

Beny Steinmetz indicted in Switzerland for bribery

Israeli billionaire Beny Steinmetz and two associates are facing criminal charges in Switzerland for allegedly paying bribes to win mining licences in Guinea between 2005 and 2010.

The Geneva public prosecutor said in a statement Monday the defendants are charged with the criminal offenses of “foreign bribery and forgery.”… Continue Reading

Tom Fox: BSGR files for receivership

In one of the most high profile corruption stories around, reports in the Financial Times said BSGR filed for receivership, and on Tuesday entered into voluntary administration in Guernsey, where the company is registered.… Continue Reading

Four mining companies disclose FCPA-related investigations

Four companies from the mining sector have disclosed open FCPA-related investigations.

One company first disclosed an investigation this week. The other companies first disclosed investigations in 2016, 2015, and 2013.

Two of the companies are based in the UK, one in Canada, and the other in Switzerland.… Continue Reading

Rio Tinto pays UK fine, faces SEC charges for accounting fraud

The U.S. Securities and Exchange Commission Tuesday charged Rio Tinto Plc and two former executives with fraud for allegedly inflating the value of coal assets in Mozambique.

Also Tuesday, the UK Financial Conduct Authority fined the mining giant £27 million ($35 million) for breaching disclosure and transparency rules.… Continue Reading

Israeli mining billionaire detained with other leading businessmen

Beny Steinmetz, detained Monday for questioning Beny Steinmetz was detained Monday in Israel for a second time for questioning in connection with bribery of high ranking foreign officials in Guinea.

The police action was part of a joint investigation by the Israeli Police and authorities from Switzerland, the United States and Romania.… Continue Reading

SFO confirms Rio Tinto graft probe

The UK Serious Fraud Office released a statement Monday confirming that it has opened a corruption investigation into mining giant Rio Tinto.

The SFO said the investigation targets “suspected corruption in the conduct of business in the Republic of Guinea by the Rio Tinto group, its employees and others associated with it,” according to an alert from FCPA Tracker.… Continue Reading