Talk:Beny Steinmetz

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Edits made to reflect accuracy in text and references[edit]

I've made the actual edits in the article ONLY because they're actually very insubstantial in the entry but my notes obviously have reasons and it would be harder to see the context of the changes. There are actually only 6 changes in all. Listed with reasons, as below. I think I've explained everything. If I've done this in the wrong format then I'm sorry. I was just trying to be true to the 'back things up' ethos of the Wiki.

1) Action Taken: Changed. i) Insertion of the word 'engineering', ii) Previously inaccessible (behind a paywall {Everyday Fortunes: Getting Rich by Selling the Basics', in Forbes}) reference removed, existing reference used instead and iii) one more added Reason: It just seemed incomplete somehow i.e one area of business missing Source: http://www.bsgresources.com/about/ Retrieved 2012-12-15

Changed from: “Beny Steinmetz is an Israeli businessman. His portfolio is in diamond-mining, and real-estate”
Changed to: “Beny Steinmetz is an Israeli businessman. His portfolio is in diamond-mining, engineering and real-estate”

2) Action Taken: Changed. This would appear to be pretty clear cut Reason: inaccuracy. Beny-Steinmetz would appear to have no association at all, with Simfer S.A. Confusion appears to be over that fact that the mining fields were awarded to BSG after being taken off of Rio Tinto. The existing references 4, 5, and 6 relate not to the inaccurate statement that Beny Steinmetz is a CEO but to the also inaccurate statement that BSRG own Simfer [4, 5 {contradicts this and rightly states that Simfer are owned by Rio Tinto}], whereas [6] refers to neither of the statements about him being a CEO of either BSRG nor CEO and or the none existent Simfer reference.

Changed from: “He is the CEO of the Beny Steinmetz Resource Group, also based in Geneva.[4][5][6] He is also CEO of Simfer S.A., an Israel-based company that has done business in Sierra Leone and the Democratic Republic of the Congo.[4] “

Changed to: In December 2008, a three year exploration permit for Simandou Blocks 1 & 2 was awarded to BSGR Guinea, after the government of Guinea ordered that they be relinquished by their previous owner, Rio Tinto[12]

Source: “95% by Rio Tinto and 5% by the International Finance Corporation (IFC), the private sector arm of the World Bank” http://www.riotinto.com/ourproducts/21018_simandou.asp Given to BSG from Rio Tinto, as per Simandou and external references used

3) Action Taken: Changed. Text and moved existing reference Reason – confusion and inaccuracy. There is no content for the Wiki links, in the piece to 'DiamondWorks', nor Branch Energy Ltd. As this Wiki entry explains BSG does have involvment in Kono, via Koidu Holdings, this would seem unrelated therefore and the reference therefore obsolete also. Koidu Holdings
Changed from: “Together with DiamondWorks, a subsidiary of Branch Energy Ltd., he co-owns Koidu Holdings.[7] “
Changed to: “Formally operating as a joint venture Koidu Holdings.[7], has been solely owned BSGRs company since 2007.
Source:http://www.koiduholdings.com/company-history.php

4) Action Taken: Changed. Would appear to be clear cut Reason: inaccurace and confused entry. The reference to Cunico is to a wrong Wiki reference.
Changed from: “As of 2010, he also owned Cunico,”
Changed to: “BSGR and another investment firm, IMR also control Cunico.”

5) Action Taken: Changed. This again would appear to be clear cut Reason: BSGR owned a company which was acquired by Katanga Mining Source: Nikanor Plc
Changed from: and publicly traded Katanga Mining
Changed to: As founder and a major shareholder of Nikanor plc this company was acquired in 2008 by Katanga Mining

6) Action Taken: Link to none existent internal Wiki article removed, in the interests of 'tidying up'
Changed from: “In 1997, he founded STI Ventures NV
Change to: “In 1997, he founded STI Ventures NV”



Ukdutypaid (talk) 04:59, 23 February 2012 (UTC)





Hi there

As you will see from my previous posts, I am a PR adviser to a number of companies. One client includes BSGR. I would like to propose the following changes to Beny Steinmetz’s Wikipedia entry, which are intended to update information based on more recent articles, and hopefully to improve accuracy of the respective entry.

For example, the Forbes article that was used as a reference to Beny Steinmetz’s wealth was related to an article in March 2011. I have included the link below from March 2013 which provides more up to date information. And with regards to his philanthropic work through the Beny and Agnes Steinmetz Foundation, I have added further colour about its activities.

I hope these are ok – please let me know if not, or if you are happy for me to update them.

Many thanks


First change proposed:

FROM: The March 2011 issue of Forbes magazine estimated his personal wealth at US$6 billion. As of March 2011, he was the second richest person in Israel, before Sammy Ofer died in June 2011.

TO: The March 2013 issue of Forbes magazine estimated his personal wealth at US$4.1 billion. As of March 2013, he was the 6th richest person in Israel. http://www.forbes.com/profile/beny-steinmetz/

Second change proposed:

FROM: The US Justice Department and the FBI have been investigating BSGR’s acquisition of the rights to extract half the ore deposits at Simandou, due to concerns about bribery and corruption.

TO: The US Justice Department and the FBI have been investigating BSGR’s acquisition of the rights to extract half the ore deposits at Simandou, due to concerns about bribery and corruption. These have been robustly contested by BSGR and Beny Steinmetz.

http://www.ynetnews.com/articles/0,7340,L-4398445,00.html

Third change proposed:

FROM: Beny Steinmetz (born 1956) is an Israel businessman, with an extensive portfolio in diamond mining, engineering and real estate.

TO: Beny Steinmetz (born 1956) is a Swiss resident with dual Israel-French nationality. He is a businessman and philanthropist. His family interest extend through trusts into natural resources, mining, power generation, real estate and investment-backed activities.

http://www.ynetnews.com/articles/0,7340,L-4398445,00.html

Fourth change proposed:

FROM: Beny Steinmetz was born in Netanya, Israel, in 1956, the fourth child of Rubin Steinmetz. He inherited the Geneva-based Steinmetz Diamond Group from his father. As the founder of the Beny Steinmetz Resource Group, which is also based in Geneva, he now acts in advisory role to the board of directors.

TO: Beny Steinmetz was born in Netanya, Israel in 1956, the fourth child of Rubin Steinmetz. After completing national service in 1977, he worked as a diamond dealer in Antwerp, Belgium, before joining the family diamond business. Beny Steinmetz has developed and diversified his family’s interest. Today they extend into diamond mining, ferro-nickel, oil, gas, power generation, real estate and financial investment. Beny Steinmetz acts in advisory role to the board of directors.

http://www.ynetnews.com/articles/0,7340,L-4398445,00.html

Fifth change proposed:

FROM: Koidu Holdings, which formerly operated as a joint venture, has been wholly owned by BSGR company since 2007. In 1997, he founded STI Ventures NV, a venture capital firm that invests in start-up companies in Isreal. In 1999, he was the owner of Tucos. BSGR and another investment firm, IMR also control Cunico.

TO: BSGR includes global natural resources businesses with operations in 12 countries. These include: Octea, a diamond mining operation in Sierra Leone, formerly operating as the joint venture Koidu Holdings, which has been a wholly owned BSGR company since 2007; Cunico, a ferronickel mining and processing business with operations in the Balkans and Central America, is controlled by by BSGR and IMR, another investment firm. Other assets are involved with power generation, alternative energy and oil and gas extraction.

http://www.globes.co.il/serveen/globes/docview.asp?did=1000718110&fid=1725 http://www.ynetnews.com/articles/0,7340,L-4398445,00.html

Sixth change proposed:

FROM: With his wife, he oversees the Beny & Agnes Steinmetz Foundation, which donates to schools, hospitals, army units and the arts.

TO: Beny Steinmetz serves on the board and as Chairman of the Agnes and Beny Steinmetz Foundation, which specialises in and supports education and welfare, particularly in the early years, in Israel and internationally. It aims to reduce poverty and support education and inclusion through the development of schools, sports facilities and environmental uplift programmes for local communities. The Foundation also supports art and artists. Beny Steinmetz is on the board of the Tel Aviv Museum of Art and was awarded an honorary degree of Honoris Causa from the Netanya Academic College in 2012. The Steinmetz business group also contributes to infrastructure and social uplift programmes for communities involved in its activities in Africa and the Balkans. These activities include road building, school building, health provision, sports facilities, water and sanitation.

http://beny-steinmetz.com/foundation.html


Dianamowatt (talk) 13:22, 7 October 2013 (UTC)

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External links modified[edit]

Hello fellow Wikipedians,

I have just modified one external link on Beny Steinmetz. Please take a moment to review my edit. If you have any questions, or need the bot to ignore the links, or the page altogether, please visit this simple FaQ for additional information. I made the following changes:

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