.RioTinto has announced a mutli-use rail agreement for its Simandou ironore project in Guinea transport mining investment
PERTH – Major Rio Tinto on Friday announced that the Simandou Joint Venture partners had concluded key agreements with the Republic of Guinea and the Winning Consortium Simandou on the trans-Guinean infrastructure for the Simandou iron-ore project.
Rio said on Friday that the co-development convention signed with the Republic of Guinea and associated agreements adjusting the Simfer and WCS’s existing mine conventions created the legal framework for the co-development of more than 600 km of new multi-use rail together with port facilities, that will be used to export iron-ore from the Simandou mining concessions in the southeast of the country.
The infrastructure capacity and associated cost will be shared equally between Simfer, which is developing blocks 3 and 4 of the Simandou project, and WCS, which is developing blocks 1 and 2. The co-development convention requires ratification by the Guinean State. It is also subject to a number of conditions, including the Guinean State’s approval of the final feasibility study for the project.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Guinea-Bissau: ECOWAS future at risk over Niger conflictGuinea-Bissau’s President Umaro Sissoco Embalo says recent coup in Niger presents existential threat to ECOWAS, as the West African bloc prepares for another summit to discuss the latest Sahel crisis
Read more »
Grimes Recalls Her ‘Big, Long Conversation’ With Elon Musk Following His Anti-Trans TweetsThe DIY musician said she felt her ex was “unhappy with woke people” when he made a series of tweets spreading misinformation about the trans community.
Read more »
Grimes' attempted defense of Elon Musk's ideology is bizarreThe 'Oblivion' singer tried to defend ex-partner Elon Musk's anti-trans sentiments by suggesting that he '[doesn't] hate trans people,' he hates 'woke culture'
Read more »
Central Bucks’ proposed policy on trans athletes: Teams shouldn’t be segregated by ‘irrelevant classifications’The Central Bucks school board is considering a policy that would ban transgender students from playing on sports teams aligned with their gender identities.
Read more »
Grimes Asks Elon Musk About His Obsession with Trans PeopleGrimes, Elon Musk's partner, discusses her conversation with him about his fascination with trans people and his concerns about fertility.
Read more »
A trans man asked this simple question about kids at a trans conference. He was kicked outAaron Terrell, a trans man, was booted from WPATH's Annual Scientific Symposium for asking clinicians about their research on medical interventions for minors.
Read more »