RIO rio tinto limited

News: RIO Guinea orders Simandou iron ore project works to stop

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    CONAKRY, July 4 (Reuters) - Guinea's mines minister has ordered all works related to the Simandou iron ore mine project to stop after the two companies involved missed a deadline to agree a joint venture, a July 3 letter seen by Reuters on Monday showed.

    The minister said Rio Tinto RIO.L and a Chinese-backed consortium Winning Consortium Simandou had showed a "lack of willingness" to work on a partnership. The government had previously given them 14 days to agree a joint venture.

 
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