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Rio confirms Simandou sale off

Deal with Chinalco lapses after 2 years

Kristie Batten
A long and winding road: Rio Tinto will hold onto to Simandou, despite having no plans to build it

A long and winding road: Rio Tinto will hold onto to Simandou, despite having no plans to build it

Rio and Chinalco signed the non-binding heads of agreement on October 28, 2016, with initial plans to advance to a formal sale within six months. It was envisaged Rio would receive payments of US$1-1.3...

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