AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
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.