Global mining giant Rio Tinto said it suspended the chief executive of its energy and minerals division while it investigates more than $10.5 million paid to a consultant for the Simandou iron ore project in Guinea.
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Anti-bribery investigations and enforcement actions involving international mining projects are breaking out all over.
Frederic Cilins, 51, a French citizen, pleaded guilty Monday in the Southern District of New York to obstructing a federal criminal investigation into whether a mining company paid bribes to win mining rights in the Republic of Guinea.
The U.K. Serious Fraud Office said Thursday it has launched a criminal investigation of London-listed mining company ENRC plc.