Rio Tinto, Guinea’s Government And WCS Collaborate On Simandou Iron ORE Infrastructure Development
Rio Tinto has finalised agreements with Guinea’s government and the Winning Consortium Simandou (WCS) to develop trans-Guinean infrastructure for the Simandou mine. As part of the deal, Simfer, which is a joint venture between Rio Tinto, Chalco Iron Ore Holdings and Guinea’s government, will share infrastructure capacity and costs with WCS. The WCS is a partnership between the Winning International Group and Weiqiao Aluminium, each holding a 49.99% share. However, the miner said the success of this project still hinges on Guinea’s approval of the final feasibility study.
Source: https://www.mining.com/web/rio-tinto-inks-infrastructure-deal-for-simandou/
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