Rio Tinto mulling return to Simandou
On 8 October, Jakob Stausholm, Rio Tinto’s CEO since January 2021, stated that he was carefully studying the conditions for a relaunch of its Simandou mega-project in Guinea during a video conference organised by the Financial Times.
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▪ Rio Tinto mulling return to Simandou
▪ On 8 October, Jakob Stausholm, Rio Tinto’s CEO since January 2021, stated that he was carefully studying the conditions for a relaunch of its Simandou mega-project in Guinea during a video conference organised by the Financial Times.
▪ https://www.africabusinessplus.com/en/809837/is-rio-tinto-returning-to-simandou/
The announcement came as a surprise. The Anglo-Australian mining giant, majority shareholder since 1995 in two of the four Simandou mining permits, had made clear its intention to exit the project in 2016, and tried to sell its majority shares to its minority partner Chinalco. When this proved unsuccessful, it suspended all of its development work in Guinea in 2018, reducing its teams on site to a strict minimum.
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