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Having spent more than $1 billion developing its claims in Guinea’s Simandou mountains, mining giant Vale (NYSE:VALE  ) is poised to have the entire investment lost as a governmental technical panel recommends stripping the miner of all its rights to explore the massive iron ore deposit.

Although the panel hasn’t found any wrongdoing on Vale’s part, the miner acknowledged as recently as last month in its annual Securities and Exchange Commission filing it might lose everything, and reports are now surfacing that is in fact what will happen.

Read more at: http://www.fool.com/investing/general/2014/04/13/vale-poised-for-massive-loss-in-guinea.aspx