Simandou iron ore project update
Published by Stephanie Roker,
Editor
Global Mining Review,
The non-binding heads of agreement, originally signed on 28 October 2016, for Chinalco to acquire Rio Tinto's entire interest in the Simandou iron ore project in Guinea has lapsed.
Rio Tinto and Chinalco, who respectively own 45.05% and 39.95% of Simandou, will continue to work with the Government of Guinea to explore other options to realise value from the world-class Simandou iron ore deposit.
The Government of Guinea owns a 15% stake in the project.
Read the article online at: https://www.globalminingreview.com/finance-business/29102018/simandou-iron-ore-project-update/
You might also like
Ready to revolutionise the cement industry?
Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
Flender wins excellence award from Caterpillar
Flender has received the Supplier Excellence Recognition Award from Caterpillar.