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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.