Rio's Simandou mine secures $15bn fund
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.
Stay updated with breaking news from Beyla. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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...