Latest Breaking News On - China chalco iron ore holdings - Page 5 : comparemela.com

Rio Tinto has been solely funding preparatory work at the blocks it holds at Simandou, one of the world's largest untapped iron ore deposits, as its Chinese partners are yet to make their funds available, two sources close to the matter said. The Anglo-Australian miner owns two of four Simandou mining blocks as part of its Simfer joint venture with China's Chalco Iron Ore Holdings (CIOH) and the government of Guinea, where the mine is located. It has so far spent more than $500 million on developing the project that should have been split with CIOH, due to a delay in the Chinese consortium getting state approval on the financing, the sources said.

City ofUnited kingdomRaphael gnambalamouFelix njiniClara deninaJan harveyBaowu steel groupRio tintoWinning consortium simandouChina railway construction corporationWinning international groupChina hongqiao groupAluminum corporation of china chinalcoChina harbour engineering companyChina chalco iron ore holdingsChalco iron ore holdings