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Vol 57 No 22

Published 4th November 2016


Rio quits Simandou

Rio Tinto has finally called time on Simandou, one of the world's largest untapped iron ore deposits, by signing a non-binding agreement with its partner, the Aluminium Corporation of China (Chinalco), to hand over its 46.6% stake. Rio may receive as much as US$1.3 billion should the mine be built.

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