Rio’s Simandou targets output by 2018

[miningmx.com] – ANGLO-Australian mining group, Rio Tinto, said its $20bn Simandou iron ore project in Guinea may only start at 2018 at the earliest, some three years behind its initial target.

Speaking to Bloomberg News, Alan Davies, CEO of Rio Tinto’s diamonds and minerals division under which the management of Simandou falls, said: “The production date will come out to be what it will be once the investment framework is concluded and the financing is put in place’.

“If everything goes extremely well and rapidly, the production will be around 2018,’ Davies told the newswire service.

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