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UpdateonSimandou Rio Tinto

UpdateonSimandou Rio Tinto

Rio Tinto and Chinalco, who respectively own 45.05 per cent and 39.95 per cent of Simandou, will continue to work with the Government of Guinea to explore other options to realise value from the worldclass Simandou iron ore deposit. The Government of Guinea owns a 15 per cent stake in the project.

Gaines sees little global iron ore production growth

Gaines sees little global iron ore production growth

May 31, 2021· Ms Gaines told the Australian Shareholders Association conference that Simandou was a very complex project and its likely development was coinciding with a drop in Chinas domestic iron ore

How the Iron Ore Market Works (VALE, RIO)

How the Iron Ore Market Works (VALE, RIO)

Jan 24, 2020· Iron ore is an essential component for the global iron and steel industries. Almost 98% of mined iron ore is used in steel making. About 50 countries mine iron ore, with Australia and Brazil

Will Simandous highgrade iron ore end Australias market

Will Simandous highgrade iron ore end Australias market

Jun 04, 2021· He noted the cost of Simandou in 2015 when Rio shelved the project as the iron ore price fell away was rumoured to be US22 billion, complicated by the Guinean governments insistence its product be transported through Guinea as opposed to a shorter, cheaper route through neighbouring Liberia.

Simandou

Simandou

Simandou is a 110kilometrelong (68 mi) range of hills located in the Nzérékoré and Kankan regions of southeastern Guinea, in the country's mountainous, forested Guinée Forestière region. At the southern end of the range the site of a large iron ore deposit is currently being developed.

Simandou mine

Simandou mine

The Simandou mine is a large iron mine located in the Simandou mountain range of southern Guinea's Nzérékoré Region.Simandou represents one of the largest iron ore reserves in Guinea and in the world, having estimated reserves of 2.4 billion tonnes of ore grading 65% iron metal.. The Pic de Fon and Ouéléba iron deposits are located approximately 4 km from one another at the southern end

Iron ore price Simandou mega project that could cripple

Iron ore price Simandou mega project that could cripple

Dubbed the Simandou mine, the massive site in Guinea is one of the largest, highest grade iron ore deposits in the world having estimated reserves of 2.4 billion tonnes of the stuff beneath

Guinea/China Negotiations turn complicated over Simandou

Guinea/China Negotiations turn complicated over Simandou

May 11, 2021· However, construction on the megaprojects first piece of infrastructure was finally launched on 23 March, one year and three months after the SinoSingaporeanGuinean consortium was awarded its mining licences. The aim of this project is to develop Simandou, the continents largest iron ore deposit. A

Simandou Iron Ore Project Mining Technology Mining

Simandou Iron Ore Project Mining Technology Mining

Simandou iron ore mine is located in southeast Guinea, Africa. First production from the mine is expected in 2015. The mine has a projected life of at least 30 years. The Simandou iron ore project is located in eastern Guinea, approximately 600km from the Guinean coast and 400km from the Liberian

China's opportunities and risks in Africa's giant iron ore

China's opportunities and risks in Africa's giant iron ore

Aug 26, 2020· The Simandou project is strategically valuable to China as it would diversify the country's iron ore supply and give it greater bargaining power in price setting, said Lu Guangming, an analyst at CRU.

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