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Vol 57 No 22

Published 4th November 2016


Guinea

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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