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Brazilian miner’s US$2 billion award enforced in US

06 March 2020

Brazilian miner’s US$2 billion award enforced in US Beny Steinmetz, founder of BSG Resources

Brazil’s Vale has obtained a US court order recognising its US$2 billion LCIA award against BSG Resources, the insolvent Guernsey mining company founded by Beny Steinmetz – after it won a freezing order against the Israeli diamond tycoon and his associates in the English courts.