A good read that will put things in perspective. Read Rio Tinto racing ahead at Simandou project in West Africa.June 27th 2011.
Huge project.Exploration started in 1996. Accelerating from $20 million to $100 million spend per MONTH. Intended to be in production in 2013. Committed to start production in late 2015.They are likely to be moving a token amount of iron ore by road,100's of kms. They have no firm Port location or a 650km rail corridor it needs to get iron ore to Port. They need to commit to construction before engineering studies were finished. RIO need an 11km-long jetty. They have to refresh environmental work. Included in the Rail corridor is 21km of tunnels.
Regards Westcott.
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