Rio Tinto Spots Development Opportunities in Africa

Mining Weekly reported that Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) sees development opportunities in the mining industry in Africa.

As quoted in the market news:

The government of Guinea had been working with Rio Tinto to develop the project, which would also include the development of the new 650 km Trans-Guinean multi-use railway line, which would link south-east Guinea with the coast along the Southern growth corridor. A new deep-water port in Moribaya would also be the first in the country to provide access to large cargo ships.

Rio Tinto Diamonds and Minerals CE Alan Davies stated:

We have the opportunity to create immense value together. There is no good reason why Africa should not make this the African century – and mining can play its part as a catalyst in that transformation.

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