Rio Tinto warned over Simandou iron ore mine by Guinea
In a video statement, Guinea's presidency said "the framework agreement gives Guinea a very precise schedule with extremely severe penalties, including the revocation of the miner's license."
Company
LON:RIO
Rio Tinto Ltd is a leading international mining group that finds, mines and processes the earth's mineral resources. The Group's major products include aluminium, copper, diamonds, energy products, gold, industrial minerals (borates, titanium dioxide, salt and talc), and iron ore. Its activities span the world but are strongly represented in Australia and North America. There are also significant businesses in South America, Asia, Europe and southern Africa.
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In a video statement, Guinea's presidency said "the framework agreement gives Guinea a very precise schedule with extremely severe penalties, including the revocation of the miner's license."
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