- Write by:
-
Monday, October 29, 2018 - 1:42:26 PM
-
1013 Visit
-
Print
Mining News Pro - Diversified miner Rio Tinto on Monday reported that the 2016 non-binding heads of agreement with Chinalco over the sale of its interest in the Simandou iron-ore project, in Guinea, had lapsed.
According to Mining News Pro -Under the initial agreement, Rio would have received between $1.1-bilion and $1.3-billion for its 45.05% stake in the project, based on the timing of the project’s development.
Chinalco currently has a 39.95% interest in Simandou with the government of Guinea holding the remaining 15% interest.
Rio said on Monday that the two companies would continue to work with the government of Guinea to explore other options to realise value from the Simandou deposit.
Rio in March this year updated the mineral resource estimate at Simandou, which now stood at 2.75-billion tonnes.
Short Link:
https://www.miningnews.ir/En/News/289448
The US Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 ...
Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into ...
Iron ore pellet producer Ferrexpo said a court has prohibited the transfer of ownership and other shares-related ...
Several people have been killed in Liberia in an accident at an abandoned gold mine, the West African country’s mines ...
Canada’s corporate ethics watchdog on Tuesday said it was likely that human rights abuses had occurred at a mine in ...
Battery metal prices are on the floor, and massive expansions by Chinese miners have been instrumental in driving them ...
Commodities usually rally when central banks cut interest rates, bolstering the case for going long raw materials in the ...
Northvolt AB is starting construction of a €5 billion ($5.4 billion) battery plant in northern Germany to supply ...
Indonesian state-controlled miner Aneka Tambang (Antam) aims to launch the construction of two nickel processing ...
No comments have been posted yet ...