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
Electrification in Mining virtual conference
Join us on 16 April 2024 for Global Mining Review's first Electrification in Mining event is an interactive virtual conference, focusing on electrification as the future of sustainable mining and exploring the innovative approaches and technologies being developed to facilitate its implementation.
Epiroc releases new long feed version of drill rig
Epiroc has announced the release of a new long feed version of the SmartROC C50 drill rig.