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    iron investing

    Simandou Pushed Back Three Years

    Investing News Network
    Aug. 30, 2013 01:18PM PST
    Base Metals Investing

    The Australian reports that Rio Tinto’s Simando iron ore mine in Guinea is likely to miss its 2015 production date by at least three years.

    The Australian reports that Rio Tinto’s Simando iron ore mine in Guinea is likely to miss its 2015 production date by at least three years.

    As reported in the market news:

    Rio, Chinese-controlled Chalco, the World Bank and Guinea have signed a draft agreement on Simandou that has pushed back a previous first production target of 2015 by three years or more to late 2018.

    Click here for the full article in The Australian 

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