UK’s Serious Fraud Office Launches Rio Tinto Corruption Probe
The UK’s anti-fraud investigating body said Monday it is probing Rio Tinto’s dealings in Guinea involving the giant Simandou iron ore project.
World Bank Wants Out of Guinea
The World Bank’s International Finance Corporation is leaving the project, according to reports, having exercised a right to ask Rio Tinto (LN:RIO) and partner Chinalco to buy out its 4.6% holding in the joint venture.