Rio Tinto Needs Input From Guinea On $10B Iron Ore Project

Law360, New York (April 18, 2013, 7:30 PM EDT) -- The chief executive of Rio Tinto PLC on Thursday said that while the company is moving forward with its $10 billion iron ore Simandou project in Guinea, it needs to finalize two key matters with the Guinea government to continue long-term.

Sam Walsh told shareholders at the company's annual meeting in London that the company continues to physically move forward with the project, having spent more than $2 billion on it already, but that Rio Tinto has “two critical issues to resolve with the government of...
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