Rio Tinto seals deal on US$20 bn mine in Guinea
Sydney (AFP) – Global mining giant Rio Tinto Tuesday said it has formalised an agreement with Guinea’s government to develop the world’s biggest untapped iron-ore deposit after years of wrangling over the US$20 billion deal.
The penning of an investment framework for the Simandou project with its partners, Chinese state-run aluminium group Chalco and the International Finance Corporation, a division of the World Bank, provides the legal and commercial foundation to push ahead.
Read more at: https://news.yahoo.com/rio-tinto-seals-deal-us-20-bn-mine-004901076.html
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