16
Jul
13:51
Rio Tinto meets all conditions for Simandou investment
Rio Tinto says it has satisfied all conditions for its investment in the development of the Simandou high-grade iron ore deposit in Guinea.
The transaction for the infrastructure work on Simandou is expected to be completed this week, Kallanish notes. Rio Tinto has secured the necessary approvals from both Guinean and Chinese regulators to finalise the deal.
Under the terms of the transaction, Simfer Jersey Limited, led by Rio Tinto, will acquire a stake in the W…
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Anonymous
Very good overview of the weekly steel market.
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