- Write by:
-
Friday, August 11, 2023 - 21:55:44
-
209 Visit
-
Print
Mining News Pro - Rio Tinto on Friday concluded key agreements with the government of Guinea and Winning Consortium Simandou (WCS) on the trans-Guinean infrastructure for the Simandou, one of the world’s largest deposits of iron ore.
The miner said Simfer — a joint venture between Rio Tinto, Chalco Iron Ore Holdings and the government of Guinea — will share infrastructure capacity and associated costs with WCS.
The WCS comprises of Winning International Group and Weiqiao Aluminium — part of the China Hongqiao Group — which have a 49.99% stake each, as well as United Mining Suppliers.
Rio said the co-development of Simandou is subject to a number of conditions, including Guinea approving the final feasibility study.
The project has been haggled over for years, with exploitation delayed by legal wrangling and the difficulty and cost of building infrastructure.
“Negotiations continue between the partners to finalize the investment agreements and related shareholders’ agreements which underpin the co-development,” Rio said.
Short Link:
https://www.miningnews.ir/En/News/627225
BHP Group Ltd.’s proposal for Anglo American Plc to spin off platinum and iron ore units before a takeover would likely ...
Iron ore will average more than $100 a ton this year as the worldwide market remains tight, despite China’s property ...
Iron ore futures prices fell on Monday after weak industrial data in top consumer China and the completion of of ...
Brazil’s Corumba region could more than double iron ore shipments through neighboring Uruguay this year if there is ...
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the ...
Brazilian miner Vale SA sees no impact from BHP Group’s bid for Anglo American on the latter’s Minas-Rio project, its ...
Iron ore futures were poised for a third straight weekly rise as prices largely consolidated gains on Friday, with ...
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines ...
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
No comments have been posted yet ...