News
30 October 2018

Rio Tinto: Chinalco pact for $1bn Simandou stake has lapsed

Region:
Asia-Pacific, Europe , Middle East & Africa

Rio Tinto Group has revealed that a pact to offload its stake in the $20 billion Simandou iron ore project in Guinea to its Chinese partner, Aluminum Corp of China (Chinalco), has lapsed. The two parties had struck a non-binding agreement two years ago, when Rio said it could receive payments of...

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