RIO News: Conditions on Simandou investment now satisfied - 16th Jul 2024, 8:30am

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LONDON, July 15, 2024--(BUSINESS WIRE)--All conditions have now been satisfied for Rio Tinto’s investment to develop the Simandou high-grade iron ore deposit in Guinea, including the completion of necessary Guinean and Chinese regulatory approvals. The transaction is expected to complete during the week of 15 July 2024.

Along with the recent approval by the Board of Simfer1, this allows Simfer to invest in and fund its share of co-developed rail and port infrastructure being progressed in ...

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