Rio Tinto Estimates $6.2 Billion Spend on Simandou Project
Rio Tinto said Wednesday it expects to spend roughly $6.2 billion to develop its share of the Simandou iron ore project in Guinea. The iron ore buried in…
Source: biztoc.com
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RIO ASX: Rio Tinto defers carbon spend, raises Simandou costs to $9.4b
A big African iron ore project will drive Rio’s spending to $45b over the next three years, and it would be higher if not for deferred decarbonisation spending.
Source: afr.com
Rio Tinto to spend about $6.2 bln on Simandou iron ore project
Rio Tinto said on Wednesday its share of capital expenditure to develop the Simandou iron ore project in Guinea and associated rail and port infrastructure would be about $6.2 billion. ...
Source: marketscreener.com
Rio Tinto Plans $6.2 Billion Investment in Guinea Iron Ore Project -- Update
By Rhiannon Hoyle Rio Tinto's single biggest investment over the next few years is likely to be a huge African iron ore project that could reshape global supplies of the steelmaking...
Source: marketscreener.com
Rio Tinto formalises capex at world-class Simandou
Huge Guinea-located mine expected to come online mid-decade
Source: mining-journal.com