Is Liberia the solution to Rio Tinto and Chinalco's Simandou iron ore challenge?
Not wanting to have infrastructure costs cut into the profitability of their Guinean iron ore deposit Simandou, Australian mining giant Rio Tinto and China's Chinalco are in talks to sell the site's first output to steel giant ArcelorMittal. [...]
Question mark on whether Chinalco can revive Simandou iron project
After fighting tooth and nail with Rio Tinto to force it to revive the Simandou iron ore project, Guinea’s government is preparing for a new tug-of-war with China’s state-owned Chinalco (China Aluminium Co) that picked up the major’s stake in [. [...]