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117: Patrick Alley | Blood Diamonds, Kleptocrats, Very Bad People & The Investigations Of Global Witness

Curious Worldview

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Benny Steinmetz and the Deal of the Century

Mining tycoon Benny Steinmetz acquired the world's largest untapped reserves of iron ore in Guinea for nothing. Malancurti: A secretly owned company again had paid the fourth wife of Guinea's president, La Santa Conté, around $7 million. In return, they got this deal, this mine site, and it had been part of a Rio Tinto deposit,. And so we published that information. Shortly after, Steinmetz sold 51% of this business to the Brazilian iron ore mining giant, which is called Valle, for $2.5 billion.

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