4min chapter

Curious Worldview Podcast cover image

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

Curious Worldview Podcast

CHAPTER

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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