Articles Tagged "rio tinto"

Rio Tinto Closes Deal for Guinea Iron Ore Project

Iron – The Financial Times reported that Rio Tinto (NYSE:RIO) has struck a deal with the government of Guinea for a $20 billion iron ore development project. Rio Tinto plans to push ahead with the Simandou project now that its rights have been returned, according to the Times. The company's mineral rights were previously stripped and sold to BSG Resources and Vale (NYSE:VALE).