Simandou iron ore project update
Rio Tinto will provide an update today at its Investor Seminar on the world class Simandou iron ore project in Guinea, which is being progressed in partnership with CIOH, a Chinalco-led consortium, Winning Consortium Simandou1 (WCS), Baowu and the Republic of Guinea.
- Rio Tinto will provide an update today at its Investor Seminar on the world class Simandou iron ore project in Guinea, which is being progressed in partnership with CIOH, a Chinalco-led consortium, Winning Consortium Simandou1 (WCS), Baowu and the Republic of Guinea.
- Simandou is the world’s largest untapped high-grade iron ore deposit.
- 3 Refer to “Simandou Mineral Resources and Ore Reserves” section at page 4 below.
- Based on Wood Mackenzie and CRU average pricing for iron ore (65% grade), with a premium applied for DR product.