Rio Tinto (LON:RIO) announced that the non-binding heads of agreement, originally signed on 28 October 2016, for Chinalco to acquire Rio Tinto’s entire interest in the Simandou iron ore project in Guinea has lapsed. Rio Tinto and Chinalco, who respectively own 45.05 per cent and 39.95 per cent of Simandou, will continue to work with the Government of Guinea to explore other options to realise value from the world-class Simandou iron ore deposit. The Government of Guinea owns a 15 per cent stake in the project.
Rio Tinto Simandou Update
[shareaholic app="share_buttons" id_name="post_below_content"]
- Written by: Charlotte Edwards
Twitter
LinkedIn
Facebook
Email
Reddit
Telegram
WhatsApp
Pocket
Find more news, interviews, share price & company profile here for:
Rio Tinto plc confirms a non-binding approach for acquiring Arcadium Lithium, with no assured outcome yet. Further updates will follow as needed.
UK-based Green Lithium partners with Rio Tinto to bolster a low-carbon lithium supply chain, aiming to secure Europe's automotive and battery industries.
