Iron Ore’s African Future Is Slowly Advancing, Rio Tinto Says
- Miner is progressing work on Guinea’s Simandou project: CEO
- Development would add major new hub for supply of the material
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Rio Tinto Group is making progress on the development of Guinea’s giant Simandou iron ore deposit, bringing a potential overhaul of global supply of the steel-making material closer into view.
Firing up production from the small West African nation would add a new source of high-quality ore and deliver a challenge to some lower-grade exports from Australia and Brazil, the existing largest suppliers.