CAPITAL MARKETS

Rio facing Simandou delays, cost overruns

GUINEA Mining Minister Mohamed Lamine Fofana says Rio Tinto will not make its 2015 start-up target at the Simandou iron ore project and capital costs may have blown out to as much as $US20 billion ($A20.8 billion).

Kristie Batten
Rio facing Simandou delays, cost overruns

The Wall Street Journal reported the comments by Lamine Fofana made at the Invest in Guinea briefing in London this week. A previous estimate suggested capital costs of $9 billion for the 93 million...

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