Rio Tinto’s $34.3b African iron ore project gets green light
Rio Tinto’s $US23.2 billion ($34.3 billion) African iron ore project has won final approval from the Guinean and Chinese governments, clearing the way for first production to begin within 18 months.
The long-awaited final approval for the Simandou iron ore project in Guinea came on the same day that Rio’s flagship Australian iron ore division confirmed that a train derailment had hampered exports in the three months to June 30.
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