Rio Tinto has reconstituted its Simandou development team in the wake of the government of Guinea’s successful tender of the two northern blocks of the world’s richest undeveloped iron ore deposit.
Rio’s Guinean reset was revealed by iron ore boss Chris Salisbury after the miner announced it had signed off for the next $US749 million ($1 billion) round of sustaining investment in the Pilbara.
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Matthew Stevens writes on business, specialising in mining, energy and opinion. Matthew is a senior business writer and columnist. Email Matthew at matthew.stevens@afr.com.au
