Page 36 - Simandou News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Rio Tinto has been solely funding preparatory work at the blocks it holds at Simandou, one of the world's largest untapped iron ore deposits, as its Chinese partners are yet to make their funds available, two sources close to the matter said. The Anglo-Australian miner owns two of four Simandou mining blocks as part of its Simfer joint venture with China's Chalco Iron Ore Holdings (CIOH) and the government of Guinea, where the mine is located. It has so far spent more than $500 million on developing the project that should have been split with CIOH, due to a delay in the Chinese co...

When will China be ready to invade Taiwan? Perhaps never. But Xi Jinping is talking a lot about war, and a huge military and naval buildup is underway. It’s definitely something to think about.

Rio earmarked $800m for its share of the development in 2023 and around $2bn a year in 2024 and 2025.

Contrary to claims from the junta and Rio Tinto, work will not get under way properly at Simandou until the necessary funds have been released. This should happen only when Baowu Steel has been

The Chinese group Baowu and Winning Consortium Simandou has just signed a cooperation agreement, so that when the Simandou iron ore mine comes on stream, the steel giant will become the majority