Steinmetz Link To Failed Mining Project To Be Probed In NY

Law360 (April 30, 2021, 8:12 PM EDT) -- A New York judge on Thursday agreed to consider additional arguments that Israeli billionaire Beny Steinmetz is the alter ego of a company that owes Brazilian miner Vale SA more than $2.17 billion following a dispute over an ill-fated Guinean mining project.

U.S. District Judge Vernon S. Broderick ordered Vale to provide supplemental briefing in support of its bid to force Steinmetz to respond to its discovery requests, which it sent to the businessman over a year ago.

The mining company is attempting to track down BSG Resources Ltd.'s assets to enforce a massive award it won in 2019 after an...

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