Simandou south submits first version of the infrastructure bankable feasibility study pdf 340 kb opens in a new window conakry on 31 december 2015 the simandou south project submitted the initial bankable feasibility studies for the simandou rail and port infrastructure projects to the government of guinea. Then you measure the size of the ore body and start calculating its value. The simandou project was once touted as one of rios major growth opportunities, but. Pdfdateien in einzelne seiten aufteilen, seiten loschen oder drehen, pdfdateien einfach zusammenfugen oder. Mining giant rio tinto remains committed to its simandou iron ore project, despite the guinean government saying. A 2009 full assessment of critical habitat by tbc for the rio tinto iron ore simandou mine in guinea set a global benchmark for quality and character of critical habitat assessments. We would like to show you a description here but the site wont allow us. Chinalco has asked guinea to let it take over the whole of the troubled simandou iron ore mine project, sources familiar with the matter say, as beijing pursues a global strategy to secure key. Rio tinto terminates executives over simandou investigation. Rio tinto s massive simandou iron ore project in west africa just had another nail driven into its coffin after the world bank announced it was forcing the miner to. In 2008 rio tinto group, the licensee of the simandou concession, was ordered by the. Uk serious fraud office joins inquiry into suspected corruption over guinea mining rights. Rio, chinas chalco and the world bank have signed a draft agreement with the guinean government to delay first production from the ambitious simandou iron ore project by three.
Rio tinto is an australianbritish multinational and one of the worlds largest metals and mining corporations. Rio tinto group is looking at new ways to develop the giant simandou iron ore deposit in guinea that it almost sold last year, according to. Chinalco to team up with rio tinto on simandou project. Rio tinto submits feasibility study for simandou project. Rio tinto s simandou iron ore project in guinea, centre of the bribery scandal. Rio tinto exited the simandou project last month, handing control to partner aluminum corporation of china, also known as. Rio tinto is a britishaustralian multinational and one of the worlds largest metals and mining corporations. Annual report year ending 30 june 2016 download pdf corazon mining. Rio tinto is an angloaustralian multinational and one of the worlds largest metals and mining corporations. Rio tinto says simandou payments scandal very challenging.
Simandou iron ore project mining technology mining news and. Just weeks after delivering feasibility studies in may on its massive simandou iron ore project in the west african republic of guinea, rio tinto seemingly reversed course and said it wouldnt be. Did the world bank just kill rio tintos massive simandou. Rio tinto group is an angloaustralian multinational and one of the worlds largest metals and mining corporations. L said on monday it had submitted feasibility studies to the guinea government for its massive simandou iron ore project, considered the worlds. The company was founded in 1873, when a multinational consortium of. Rio tinto new leadership at world class simandou project. Rio believes the planned 100milliontonnesayear project can sustain a mine life in excess of 40 years and has the potential to make guinea one of the worlds top ironore. New leadership at world class simandou project by rio tinto 24hgold. From canadas west coast, we transport our products by ship and rail, primarily to customers in japan, south korea and the united states.
First you need to demonstrate that the iron ore is of the highest grade and worth exploiting. It was created on 15 november 2007 as the result of the merger between rio tinto plcs canadian subsidiary, rio tinto canada holding inc. Rio tinto boss seeks to quell crisis over simandou. We produce iron ore for steel, aluminium for cars and smart phones, copper for wind turbines, diamonds that set the standard for responsible, titanium. Rio tinto shrugged off concerns on wednesday that its sale of guineas simandou project to chinalco had stalled after an investigation into payments to a consultant who helped it win. The 2011 deal came after a dispute between rio tinto and israeli diamond tycoon beny steinmetz over control of simandou. Rio tinto has taken its embattled simandou iron ore project to the next step, submitting its bankable feasibility study. Rio tinto delays simandou project by three years to 2018. Guinea seeks developers for simandou iron ore deposit reuters. Adrev publishing, apm publishing, and 1 music rights societies song. Rios deal with chinalco collapses rio tinto the guardian. Assessing the competitiveness of the supply side response to chinas iron ore demand shock luke hurst1,2.
Assessing the competitiveness of the supply side response. Heads roll at rio tinto over simandou probe davies, valent. Rio tinto offered bribe for iron mine, former guinea. The company was founded in 1873, when a multinational consortium of investors purchased a mine complex on the rio tinto, in huelva, spain, from the spanish government. Two former chief executives embroiled in email trail. Rio renews work on simandou as iron mountain too good to. Why rio tinto reversed course on the massive simandou iron. British columbia our bc works operation, in kitimat, british columbia, comprises a newly modernised aluminium smelter and the kemano powerhouse, a hydropower facility supplied by the nechako reservoir.
Rio tintos alan davies suspended over simandou payment. The simandou mine is a large iron mine located in the simandou mountain range of southern. The bfs outline the details around the development of both the world. Licensed to youtube by adrev for a 3rd party, adrev masters admin on behalf of bruton. Rio tinto says guinea iron ore partner ifc to sell stake. Pdf zusammenfugen online pdf dateien zusammenfugen.
Chinalco to team up with rio tinto on simandou project chinalco, the chinese industrial giant, is poised to invest billions of dollars into the development of a key rio tinto mine less than a. Rio tinto denies guinea iron ore sale has stalled after. Rio tinto advance simandou iron ore project australian. The simandou iron ore mine is located in southeast guinea, africa. Rio tinto suspends executive as it investigates guinea. China to approve developing guineas giant simandou iron ore mine. The aluminium division of rio tinto previously known as rio tinto alcan is a subsidiary of rio tinto, based in montreal. He believed that this was the right thing for the company, as the chinalco deal had been negotiated at a time when rio tinto was on its knees. Changes to rio tinto simandou ore reserves and mineral. Pdf zusammenfugen pdfdateien online kostenlos zu kombinieren. Is liberia the solution to rio tinto and chinalcos simandou iron ore. Rio tinto s 2017 annual report, released to the market includes a write back of ore reserves to mineral resources at the simandou iron ore project, in guinea. Media release page 1 of 2 rio tinto agrees heads of agreement to sell its stake in the simandou project to chinalco 28 october 2016 rio tinto and chinalco have signed a nonbinding agreement to sell rio tinto s entire stake in the.
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