Rio Tinto Gets Closer to Building Game-Changer African Iron Mine
- No. 2 miner aiming to speed timeline, cut costs of Simandou
- Rio will consider Simandou options including joint development
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Rio Tinto Group is accelerating work toward potential development of the giant Simandou iron ore project in Guinea, as half-year earnings showed the steel-making ingredient dominated the second-biggest miner’s profits.