M&A

More Chinese enter Simandou

WHILE yet to receive the formal blessing from China's Ministry of Commerce, the country's national development and reform commission has approved the introduction of four new Chinese partners in Rio Tinto's $US10 billion ($A9.43 billion) Simandou iron ore project in Guinea.

MiningNews.Net
More Chinese enter Simandou

The investors would complement the mining major's largest shareholder Chinalco and includes Baosteel, the China Africa Development Fund, China Harbour Engineering Co and a branch of China Railway Construction...

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