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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

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

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

Tom Fox: Things are getting strange at Rio Tinto

Rio Tinto’s Alan DaviesThe Rio Tinto imbroglio around its mining concession in Guinea continues to become stranger and stranger.

One might think that a $10.5 million payment for a third-party consultant to assist in obtaining a lost mining concession in the notoriously corrupt West Africa country of Guinea, approved at the highest level of the company is unusual enough.… Continue Reading

What’s Wrong Down Under?

Australia is the world’s sixth largest country by land mass, only slightly smaller than America’s lower 48 states. With just 22 million people and abundant resources, the country exports coal, iron ore, gold, uranium, alumina, meat, wool and wheat, as well as wine, olives, fruit and vegetables.… Continue Reading

The Iron Ore War

The Chinese government this week alleged that employees of Rio Tinto bribed executives from 16 Chinese steel mills that buy its iron ore for themselves and China’s 120 steel producers. Anglo-Australian Rio Tinto is among the world’s largest iron ore miners and has been a major supplier to China’s steel industry, which is mostly state-owned.… Continue Reading