CAPITAL MARKETS

Marriage made in iron ore heaven

WITH a binding agreement now inked between mining major Rio Tinto and China’s state-owned Chinalco to develop the world-class Simandou iron ore deposit in Guinea, reports are emerging that the giant Oyu Tolgoi property in Mongolia could be the next joint development target.

MiningNews.Net

Marriage made in iron ore heaven

The latter is held under a joint venture between Rio Tinto and Canada’s Ivanhoe Mines, and only last month Rio Tinto increased its stake in Ivanhoe to just under 30% after spending $US393 million ($A436...

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