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
Direct lithium extraction: A cleaner path to powering the energy transition
Anoop Suvarna, Pall Corporation, highlights how innovative direct lithium extraction methods from brine are offering faster, more sustainable solutions for meeting global demand.