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Rio Tinto Consider To Invest $6 billion Iron-Ore Mine Project in Guinea
Rio Tinto Group, which is considering the construction of a $6 billion iron-ore project in Guinea, said it will seek talks with the country’s military junta over plans to revise mining contracts.
Rio Tinto Iron Ore Mine Project in Guinea (Updated)
The world’ second largest miner, Rio Tinto is struggling to save the northern part of the Simandou iron ore project in Guinea, as the licence granted to it has been re-allocated and awarded to its lesser known rival, BSG Resources, under the so-called “use-it-or-lose-it” principle.
Guinea Needs Foreign Mining Company to Invest Mining Exploration in West African
Guinea will work with foreign investors in the mineral-rich West African country as long as they comply with its mining code, its new mines minister said late on Friday.
Guinea is the world’s biggest exporter of aluminium ore bauxite, and has the resources to be a major supplier of steelmaking raw material iron ore, but questions [...]
Guinea and Chinese Discuss Mining Exploration and Infrastructure Investment
Guinea and China are discussing a deal which could see billions of dollars of Chinese investment in return for mining rights in the West African country, which has a third of the world’s bauxite, a Guinean minister said.
A delegation including officials from the Chinese Development Bank recently spent a week in Guinea and is due [...]
Mining Company Exploration : Rio Tinto profits slip as costs bite
Mining giant Rio Tinto Ltd has posted a 14.3 per cent drop in first half net profit, after cost pressures took a toll on its business.
Net profit for the six months ended June 30 slipped to $US3.523 billion ($A4.12 billion).
Underlying earnings also slipped, by 5.9 per cent to $US3.529 billion ($A4.13 billion), missing the consensus [...]
