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
Beyond securing supply: Building rare earth resilience
Anshuman Saini and Rahul Arora, Evalueserve, examine rare-earth supply concentration and present Evalueserve’s 5R framework for strengthening resilience through efficiency, recycling, diversified sourcing, regionalisation and substitution.