Rio Tinto to Invest $170 Million in Simandou Iron Ore Project
The Prime Minister of Guinea recently indicated that, in order to make the project economically feasible, the company may consider an export route through Liberia. However, the current plan anticipates the construction of a mine at Simandou with an annual capacity of 95 million tons, a 650-km dedicated industrial railroad passing through 21 km of tunnels traversing Guinea to the coast, a rail car-dumping facility, and a four-berth wharf located 11 km offshore from Matakang.
The $170 million investment will include initial work on upgrading the national road, including access from Forecariah to the port site; building the construction wharf at the port; and building project facilities in Forecariah, including offices and a logistics base.
Additional information is available at www.riotinto.com.