"INTERNATIONAL STANDARDS TO MEET" Rio has a direct stake in the infrastructure for the mine. Its Simfer consortium owns a 42.5% share of a joint venture formed in 2022 to develop the rail and port ...
The company first took a stake in Simandou – the world’s richest untapped iron ore deposit – in 1997. But for years, its development was delayed by legal wrangling over ownership, by military coups in ...
First production from the Simfer mine is expected in 2025, ramping up over 30 months to an annualised capacity of 60 million tonnes per year, according to Rio Tinto. Wabtec agreed a few months ago ...
INTERNATIONAL STANDARDS TO MEET' Rio has a direct stake in the infrastructure for the mine. Its Simfer consortium owns a 42.5% share of a joint venture formed in 2022 to develop the rail and port ...
In June last year, Baowu Resources completed the acquisition of a 49 per cent share of WCS mine and infrastructure projects. Simandou's remaining blocks 3 and 4 are owned by Rio Tinto as part of its ...
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