Guinea government strips BSGR, Vale of mining permits
CONAKRY, April 17 (Reuters) - Guinea's government has accepted a report recommending the cancellation of two iron ore concessions held by BSG Resources and its joint venture partner, Brazilian mining giant Vale, a spokesman said on state television on Thursday.
"The cabinet approves the recommendations of the technical committee," government spokesman Damantang Albert Camara said, adding that the decision was linked to the "fraudulent nature of the conditions in which the permits were granted".
BSGR, the mining branch of Israeli billionaire Beny Steinmetz's conglomerate, has denied the allegations and said it would seek international arbitration. (Reporting by Saliou Samb; Writing by Emma Farge; Editing by Chris Reese)
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