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LONDON TO A BRICK
Catch 22 for Rio Tinto at Simandou
Guinea is turning the screws on Rio Tinto and its Chinese partner at the huge, undeveloped Simandou iron ore project that lies in a remote, hilly and heavily-forested region of the west African country.
The latest chapter in the long-running story was the shock announcement that Conakry was halting all work at the site as Rio and WCS had yet again failed to meet a deadline to agree terms for a joint venture....
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