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Developers of Guinea’s giant Simandou iron ore mine have agreed to a $US15 billion finance deal to kickstart development of what could one day become the world’s largest mine.

In 2022, Guinea signed several investment agreements to develop port and railway infrastructure using iron from the Simandou deposit. Through the

Shareholders in the Simandou iron ore project in Guinea have signed financing agreements totalling $15bn, Bloomberg has reported.

Iron ore prices surge on rising Chinese demand, with transaction volumes at major ports increasing. This is positive for the Australian Dollar and its export market.

Rio Tinto announces the appointment of Bold Baatar to the position of global commercial director. Bold Baatar, currently General Manager of Copper, will assume responsibility for business development...

The project will add around 5% to the global seaborne supply when it comes online.

Rio Tinto PLC on Monday said it has promoted Bold Baatar, chief executive for copper to group chief commercial officer with effect from September 1. The London-based mining corporation said Baatar...

Rio Tinto plc appoints Bold Baatar as Chief Commercial Officer to lead global business development. Bold will succeed Alf Barrios in the role.

London stocks were set to gain at the open on Monday following heavy losses at the end of last week.

London open The FTSE 100 is expected to open nine points higher on Monday, having closed down 0.81% on Friday at 7,911.16.