RIO rio tinto limited

News: RIO Fortescue, SMB-Winning go head-to-head to develop Guinea's Simandou iron ore

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    CONAKRY, Oct 4 (Reuters) - Australian miner Fortescue (FMG) and Guinea's biggest bauxite exporter SMB-Winning are the last two companies in the running for the rights to develop blocks 1 and 2 of Guinea's massive Simandou iron ore deposit, three sources told Reuters on Friday.

    A commission in charge of the international tender for Simandou blocks 1 and 2, launched by Guinea's government in July, should come to a final decision in around a month, the sources said.

    Brazil's Vale VALE3.SA had also purchased access to the project data, but did not submit an offer, the sources said.

 
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