SIMANDOU - The development of the world’s biggest untapped iron ore deposit came another step closer after Rio Tinto Plc and its consortium partners, which are backed by Singaporean companies, agreed a pact with the Guinea government over building a crucial rail line.
Simandou is divided into four blocks, with blocks 1 and 2 controlled by the Winning Consortium Simandou, backed by Chinese and Singaporean companies, while Rio and Aluminum Corp. of China, known as Chinalco, own blocks 3 and 4.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: