Skip to content
Subscriber Only
Business

Soros Sued by Fellow Billionaire in $10 Billion Mine Brawl

  • Beny Steinmetz’s companies allege Soros orchestrated mine loss
  • Steinmetz claims Soros was driven by ‘animus’ towards Israel
George Soros, billionaire and founder of Soros Fund Management LLC, pauses during an interview.

George Soros, billionaire and founder of Soros Fund Management LLC, pauses during an interview.

Photographer: Jason Alden/Bloomberg
By

Updated on

Companies controlled by Israeli mining magnate Beny Steinmetz sued fellow billionaire George Soros, claiming he cost them at least $10 billion through a defamation campaign that stripped them of rights to an iron ore deposit in Guinea and other business opportunities around the world.

Soros funded law firms, transparency groups, investigators and government officials in Guinea in a coordinated effort to ensure BSG Resources Ltd. lost the rights to the Simandou deposit in April 2014, BSGR said in a complaint filed Friday in Manhattan federal court.