Rio Tinto update on Simandou
(Posted on 01/11/18)
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 per cent and 39.95 per cent 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 per cent stake in the project.
In the Pilbara region of Western Australia, Rio Tinto operates the world’s largest integrated portfolio of iron ore assets with industry-leading margins. They are well positioned to benefit from continuing demand across China and the developing world. The business continues to be the world’s largest autonomous truck operator and a proud leader in automated mining technologies.
The U.S. Department of Agriculture’s (USDA) new proposed rule for regulating plant-based agricultural... Read more
BHP Mitsubishi Alliance, BMA, TAFE Queensland and CQUniversity Australia have announced a new multi-... Read more
Rio Tinto’s Resolution Copper project in the US has achieved a major permitting milestone with... Read more
The Portland Cement Association (PCA), representing America’s Cement Manufacturers, is pleased... Read more
Rio Tinto chief executive J-S Jacques said "We have delivered strong financial results with underlying... Read more
The President-elect of ABMEC (Association for British Mining Expertise), Paul Freeman, has a long and... Read more
Vale iron ore fines production and sales showed a substantial improvement in the end of 2Q19 with the... Read more
Rusal, a leading global aluminium producer, has announced its operating results for the second quarter... Read more
With the commissioning of a new facility at the Wintershall site of the Werra plant, K+S is now capable... Read more
BHP has released the world’s first bulk carrier tender for LNG-fuelled transport for up to 27... Read more