Simandou Pushed Back 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