BSGR affiliate arrested in US in probe tied to Guinea mine

Apr 16, 2013 | 11:19 AM | Michelle Madsen

Tags  BSG Resources, Beny Steinmetz, iron ore, Frederic Cilins, criminal investigation, Simandou iron ore deposit, Guinea deposit, iron ore concession Michelle Madsen

LONDON — Frederic Cilins, an associate of Israeli diamond billionaire Beny Steinmetz, was arrested April 14 in the United States and accused of attempting to obstruct an ongoing investigation into how BSG Resources Ltd. (BSGR), the mining arm of Steinmetz’s BSG Investments Ltd., won a concession....

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