【Ferro-alloys.com】:The company secured approvals from Guinean and Chinese regulatory bodies, paving the way for the project's advancement.

Rio Tinto has announced the fulfilment of all conditions necessary for the development of the Simandou iron ore project in Guinea.

This includes the receipt of approvals from Guinean and Chinese regulatory bodies, paving the way for the project’s advancement.

The company noted that the transaction is set to be finalised in the week commencing 15 July 2024.

Simandou’s mining concession is segmented into four blocks, with Rio Tinto holding rights to blocks three and four through the Rio Tinto Simfer joint venture (JV), which includes Rio Tinto, Chalco Iron Ore Holdings (CIOH) and the Government of the Republic of Guinea.

Rio Tinto is Rio Tinto Simfer’s majority shareholder as well as managing partner.