Rio Tinto’s pact to sell Guinean iron ore stake to Chinalco lapses

摘要

A non-binding agreement forChina’s state-owned Chinalco to acquiremining giant Rio Tinto’s interest in theSimandou iron ore project in Guinea haslapsed, Rio Tinto said Monday.“Rio Tinto and Chinalco, who respectivelyown 45.05% and 39.95% of Simandou, willcontinue to work with the government ofGuinea to explore other options to realizevalue from the world-class Simandou ironore deposit,” Rio Tinto said in a statement.