Update on Simandou
Update on Simandou
23 February 2011
Rio Tinto subsidiary, Simfer SA, has received a letter from the Guinean Minister for Mines confirming the extension of its existing exploration tenure over its Simandou iron ore project for three months from 24 February, 2011, whilst the Guinean Ministry of Mines examines an application for replacement mining concession tenure that Simfer SA has lodged. This enables the Government of Guinea and Rio Tinto to continue the positive discussions currently underway between them, aimed at resolving all outstanding matters regarding the Simandou project. Rio Tinto is committed to working with the Government of Guinea to secure a development pathway for the project, for the benefit of all stakeholders.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.
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