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Rio Tinto plans $6.2 billion investment in Guinea iron ore project

Por: MarketWatch Business December 06, 2023

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The iron ore buried in Guinea’s Simandou mountains is among the world’s largest untapped deposits of the commodity. Its riches have been coveted by miners and investors in a market that has long been dominated by exports from Australia and Brazil. Rio Tinto has the rights to develop the southern half of the deposit in partnership with the Guinean government and a Chinese consortium led by Aluminium Corp. of China. The Winning Consortium... + full article



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