Mining giant Rio Tinto is suing Brazilian miner Vale and an Israeli company over the rights to develop the massive Simandou iron ore deposit in Guinea.

Rio alleges billionaire Beny Steinmetz and his company BSG Resources bribed officials and conspired with Vale to steal mining rights to the multi-billion tonne Simandou deposit in the west African nation of Guinea. Rio Tinto has not specified the amount it is seeking in damages after filing a law suit…