Rio Tinto: Guinea iron mine sale agreement has lapsed

(CercleFinance.com) - The non-binding agreement for China's Chinalco to acquire Rio Tinto's stake in the Simandou large iron mine in Guinea has lapsed, the mining giant said on Monday.


Rio Tinto, which owns 45% of the project, will continue to work with Chinalco, which has a 40% stake, along with the government of Guinea, to explore "other options," the company said.

The government of Guinea has a 15% stake in the project.

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