Guinea and China approve Rio Tinto's $23.2bn Simandou iron ore project, enabling first production within 18 months.
Rio Tinto's $23.2bn Simandou iron ore project in Guinea has received final approval from Guinean and Chinese governments, paving the way for first production within 18 months. The project's investment conditions have been satisfied, with over 600 km of railway and port facilities planned to export 120 million tonnes of mined iron ore per year from the southeast of Guinea. The investment will be the largest greenfield integrated mine and infrastructure project in Africa.
July 15, 2024
3 Articles