The Simandou iron ore reserves are believed to be among the biggest in the world. Photo: Rio Tinto
The Simandou iron ore reserves are believed to be among the biggest in the world. Photo: Rio Tinto
Africa

Guinea’s junta signs US$15 billion deal for vast Simandou iron ore site

  • The three-way deal has a 35-year duration for co-development by Anglo-Australian mining giant Rio Tinto and the Singapore-led Winning Consortium
  • Development has previously been hampered for years by disputes over mining rights, suspicions of corruption and the scale of investment required

The Simandou iron ore reserves are believed to be among the biggest in the world. Photo: Rio Tinto
The Simandou iron ore reserves are believed to be among the biggest in the world. Photo: Rio Tinto
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