#Simandou Mining Project

[allaboutyoupostnthings]

A Prayer for God’s Blessings on Families, Nations, and the World, Day 159, Guinea

Dear Heavenly Father, Thank you for today. Thank you for what you do for me each and every day and for that which I fail to notice. Thank you for taking care of my family, friends, and acquaintances. I ask that you shield and protect them and guide them in this life. Bring them safely home to you. Let them know that you are there for them. Never let me forget your presence in my life and guide…

[skrillnetworkblog]

🌍 Rio Tinto: Balancing Growth, Governance, and Legacy

🔑 Key Takeaways:

📉 Shares Dip: Rio Tinto’s stock slips 0.46% amid governance debates.

💰 Activist Push: Calls for a single Australian listing could unlock $28B in value.

⚒️ Legacy Hurdles: Bougainville mine faces class-action lawsuit over environmental damage.

🌱 Sustainability Drive: $6.7B lithium acquisition boosts critical mineral strategy.

📈 Growth Goals: Oyu Tolgoi copper production to rise 50% by 2024.

🔎 Governance Under Fire

Dual-listed structure sparks shareholder activism:

Activists claim $50B in lost value due to inefficiencies.

CEO Jakob Stausholm defends the current structure, highlighting its global benefits.

🏔️ Legacy Accountability: Bougainville Challenges

The defunct Panguna mine faces severe scrutiny:

Over 5,000 residents demand compensation for environmental harm.

Rio Tinto pledges to collaborate with stakeholders but lacks a concrete plan.

⚡ Critical Minerals & Sustainability

Lithium Leap:

$6.7B acquisition secures a stronghold in South America.

Rincon lithium project aims for 60,000 tonnes annually.

Copper Expansion:

Oyu Tolgoi’s output to hit 1M tonnes by 2030.

Iron Ore Progress:

Simandou project targets first production by 2025.

🌿 Decarbonization Milestones

Rio Tinto accelerates emissions reduction:

Projects to cut 3M tonnes annually by 2030.

$5–6B investment into decarbonization strategies.

🚀 Future-Ready Rio Tinto

As Rio Tinto balances legacy challenges with innovative growth, its commitment to sustainability positions it as a leader in the global energy transition.

✨ Building a diversified, profitable, and sustainable future—one step at a time!

Visit - https://www.skrillnetwork.com/balancing-growth-and-accountability-rio-tinto-faces-dual-listing-and-legacy-hurdles

[newsmarketreports]

Rio Tinto Deals: Unearthing the Mining Company's Strategic Investments for the Future

Rio Tinto is a global mining and metals corporation renowned for its extensive operations in diverse geological terrains and its commitment to sustainability. This article delves into Rio Tinto's strategic deals and partnerships that have been pivotal in driving the company's growth and maintaining its leadership in the mining industry.

To know about the assumptions considered for the study, Download for Free Sample Report

Introduction to Rio Tinto

Founded in 1873, Rio Tinto has grown into one of the world's largest mining companies, with headquarters in London, UK, and Melbourne, Australia. The company operates in over 35 countries, extracting and processing minerals essential for modern life, including iron ore, aluminum, copper, and diamonds. Rio Tinto's strategic approach to deals and partnerships has significantly contributed to its expansive portfolio and global reach.

Key Strategic Deals and Partnerships

Rio Tinto's success is underpinned by its strategic deals and partnerships that enhance its operational capabilities, technological advancements, and sustainability initiatives. Here, we explore some of the most significant deals and partnerships that have shaped Rio Tinto's journey.

Joint Ventures and Collaborations

Joint ventures and collaborations have been crucial for Rio Tinto to share resources, expertise, and risks, enabling it to undertake large-scale mining projects and expand its market presence.

Oyu Tolgoi (Mongolia)

One of Rio Tinto's most notable joint ventures is the Oyu Tolgoi copper and gold mine in Mongolia. Partnering with the Government of Mongolia and Turquoise Hill Resources, Rio Tinto has developed one of the world's largest known copper and gold deposits. This collaboration has not only boosted Rio Tinto's copper production but also contributed significantly to Mongolia's economy.

Simandou (Guinea)

The Simandou iron ore project in Guinea is another significant venture. Rio Tinto has partnered with Chinese firms, including Chinalco and Baowu Steel Group, to develop this world-class iron ore deposit. This partnership aims to create a fully integrated mine-to-market solution, enhancing Rio Tinto's iron ore production capabilities and contributing to Guinea's economic development.

Technology and Innovation Partnerships

To stay at the forefront of the mining industry, Rio Tinto has formed partnerships focused on technology and innovation, enhancing its operational efficiency and sustainability efforts.

Komatsu and Caterpillar

Rio Tinto's collaboration with heavy equipment manufacturers Komatsu and Caterpillar has led to the development and deployment of autonomous haulage systems (AHS). These automated trucks improve safety and productivity in Rio Tinto's mining operations, reducing costs and environmental impact.

Inmarsat

Partnering with Inmarsat, a global satellite communications company, Rio Tinto has enhanced its remote monitoring and control capabilities. This partnership enables real-time data collection and analysis, optimizing mining operations and ensuring better decision-making processes.

Sustainability and Environmental Initiatives

Rio Tinto is committed to sustainable mining practices, and its partnerships in this area are designed to minimize environmental impact and promote community development.

Tsinghua University

Rio Tinto's partnership with Tsinghua University in China focuses on developing sustainable mining technologies and practices. This collaboration aims to address environmental challenges and improve resource efficiency in mining operations.

Elysis

In a joint venture with Alcoa and with support from the governments of Canada and Quebec, Rio Tinto established Elysis. This initiative aims to develop the world's first carbon-free aluminum smelting process, significantly reducing greenhouse gas emissions and setting new sustainability standards in the aluminum industry.

Acquisitions and Divestments

Strategic acquisitions and divestments have allowed Rio Tinto to optimize its portfolio, focusing on core assets and divesting from non-core operations.

Turquoise Hill Resources

In a strategic move to strengthen its position in the copper market, Rio Tinto increased its stake in Turquoise Hill Resources. This acquisition aligns with Rio Tinto's goal to become a leading copper producer, leveraging the significant potential of the Oyu Tolgoi mine.

Coal Assets Divestment

As part of its commitment to sustainability and reducing its carbon footprint, Rio Tinto divested from its coal assets, including the sale of its stake in the Kestrel and Hail Creek coal mines. This divestment reflects Rio Tinto's strategic shift towards cleaner energy sources and responsible mining practices.

Impact of Strategic Deals on Rio Tinto's Growth

The strategic deals and partnerships pursued by Rio Tinto have had a profound impact on its growth and market position. These initiatives have enabled the company to enhance its production capabilities, adopt cutting-edge technologies, and uphold its commitment to sustainability.

Enhanced Production Capabilities

Joint ventures and acquisitions have expanded Rio Tinto's access to high-quality mineral deposits, boosting its production capabilities and ensuring a steady supply of essential minerals to the global market.

Technological Advancements

Partnerships focused on technology and innovation have positioned Rio Tinto as a leader in the adoption of autonomous systems and remote monitoring technologies. These advancements have improved operational efficiency, safety, and cost-effectiveness.

Sustainability Leadership

By investing in sustainable mining practices and divesting from non-core, high-carbon assets, Rio Tinto has demonstrated its commitment to environmental stewardship. Partnerships like Elysis highlight the company's role in pioneering sustainable technologies that reduce the industry's environmental impact.

Conclusion

Rio Tinto's strategic deals and partnerships have been instrumental in shaping its success and maintaining its leadership in the mining industry. Through joint ventures, technology collaborations, sustainability initiatives, and strategic acquisitions, Rio Tinto has enhanced its operational capabilities, embraced innovation, and reinforced its commitment to responsible mining. These strategic moves continue to drive Rio Tinto's growth, ensuring its position as a global mining powerhouse.

[zvaigzdelasas]

China has formally created a state-backed iron ore company [China Mineral Respurces Group] that is expected to oversee everything from massive mine investments in West Africa to buying the steelmaking material from global suppliers. [...]

The establishment of the company marks China’s biggest effort yet to tackle what its officials have long argued is the excessive pricing power wielded by miners including BHP and Rio Tinto. [...]

The new company will also look after overseas mining projects such as the giant Simandou iron ore project in Guinea. [...]

The development of Simandou in Guinea has repeatedly been delayed by legal disputes and government changes in the African nation. The reserve holds one of the world’s largest untapped reserves of iron ore and is divided into four blocks, with 1 and 2 controlled by the consortium backed by Chinese and Singaporean companies. Rio Tinto and a joint venture between Chinalco and Baowu own blocks 3 and 4.

19 Jul 22

[shreemetalprices12]

The Guinean government, Rio Tinto, and other partners has commenced infrastructure construction to reopen their Simandou iron ore mine.

[lkinews]

Chinese consortium puts workers on forced leave after Guinea halts Simandou

Chinese consortium puts workers on forced leave after Guinea halts Simandou

JOHANNESBURG (lki news) – Workers at the Chinese-led Winning Consortium Simandou have been placed on unpaid leave. If a dispute with Guinea over infrastructure for a large iron project does not resolve, three sources said to Reuters. WCS did not respond to our request for comment immediately. Russia’s Gazprom declares force majeure on some gas supplies to Europe The Guinean mines minister ordered…

[leanpick]

Rio Tinto’s board backs giant Simandou iron ore mine in Guinea

Rio Tinto’s board backs giant Simandou iron ore mine in Guinea

Rio Tinto’s board has signalled its support to develop the Simandou iron ore project in Guinea, the world’s biggest untapped resource of the key steelmaking ingredient. Rio controls half of the Simandou deposit, which spent years in limbo because of disputes over ownership rights and the large investments required to extract and transport the ore. The project could have big implications for the…

[ericfruits]

Guinea’s bauxite boom is helping China but failing locals

IN THE SMALL village of Lasanayah, Mamadou Kalissa looks out over his ancestral home. Last year it was farmland but now bauxite mining has turned it into a Martian landscape that extends as far as the eye can see. Guinea’s red gold is the main ore used to make aluminium. The Boké region in western Guinea has some of the world’s richest reserves. A mining lorry rolls past, kicking up dust and causing Mr Kalissa to cough and spit saliva with a reddish tinge.

Every day hundreds of these lorries tear past the surrounding villages, bearing loads destined for China. There is nothing new about China’s interest in African raw materials. Both Chinese and Western commodities companies have long looked to the continent’s mineral wealth as a way to meet surging demand from China.

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But difficulties building infrastructure and negotiating mineral rights have stymied many projects. As a result of years of squabbling over mining rights, for example, not one tonne of ore has been extracted from Simandou, a vast iron-ore deposit in south-east Guinea. Extracting Boké’s bauxite has met with less resistance.

Bauxite is used in many things from power lines and planes to phones and cooking pots. China is by far the world’s largest consumer. But in 2014, the country’s aluminium giants ran into a big problem acquiring bauxite. Indonesia, a large producer, stopped exports because of the damage that mining causes—it requires stripping vast amounts of topsoil and battering the ground beneath. Two years later, Malaysia ended bauxite mining for the same reason. Guinea, with the largest untapped iron and bauxite reserves in the world (see chart), offered an alternative.

In 2014 Winning Shipping, a Singaporean maritime firm, and UMS, a Guinean logistics firm, teamed up with Shandong Weiqiao, China’s leading aluminium producer, in a joint venture called La Société Minière de Boké (SMB). Guinea’s government also holds a 10% stake. SMB obtained rights to mine two areas in Boké, producing the first bauxite in 2015. SMB alone will produce 35m tonnes in 2018, almost double Guinea’s total exports five years earlier. Everything goes to China; almost half of its bauxite imports come from Guinea.

“The stars were aligned,” is how Frédéric Bouzigues, SMB’s director-general, describes the firm’s expansion. Other bauxite miners are based further inland and are constrained by a lack of railway lines to the coast. SMB’s sites are less than 50km from the sea; the company built two ports and roads and transports everything by land on lorries.

The importance of Guinea to China is clear. The authorities in Beijing have promised the government a $20bn loan—twice the country’s GDP—to be paid to Guinea in instalments over 20 years, to secure access to its bauxite. But SMB’s rapid expansion has come at a cost. A report published in October by Human Rights Watch, an international advocacy group, said that the Guinean government has allowed SMB to bypass environmental safeguards. “The focus on growth has been at the expense of the local peoples’ environment and livelihoods,” says Jim Wormington, one of the group’s researchers. Although SMB employs more than 17,000 people directly or indirectly, many locals say the new job opportunities are not enough to compensate for the environmental damage. SMB says it has paid all its taxes and done the proper environmental checks.

The situation around the mines is nonetheless grim. SMB gave hundreds of villagers a one-off payment for access to their land but many villages are perilously perched near wide roads over which lorries pass day and night. Many villagers say they lack proper access to clean water because the mining operations have blocked or polluted rivers. SMB says it builds wells for the villages, and supplies water in tankers until they are completed. But a government-commissioned audit in May 2018 said that SMB conducted “no monitoring of the environment” and that the consortium lacks equipment to monitor air or water quality.

There are some signs of improvement: SMB says that it began an environmental-monitoring programme this year. But little of the money SMB pays in charges and taxes is reinvested locally by the central government. Mr Bouzigues says that when the consortium built a health centre it took the government about two years to send a doctor to man it. In an interview with The Economist in April he admitted that SMB itself could do more to improve locals’ lives and that he personally wants to do better.

Guinea could in theory industrialise if it moved to processing bauxite instead of exporting it raw. SMB does have plans to build Guinea’s first refinery, by 2022. Whatever happens, Boké’s residents will find themselves at the mercy of the search for this prized material. “We can’t just leave. We have nowhere to go,” says Mr Kalissa, looking out over the red earth.

This article appeared in the Business section of the print edition under the headline "Life on Mars"

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[latestsharemarketnews]

Why is China Planning to End the Need for Australian Iron Ore

China’s intentions to remove their reliance on Australian Iron Ore have been met with “a lot of bravado.”

China has declared measures to sabotage Australia’s multibillion-dollar Iron Ore cash cow by reducing its dependency on Australian iron ore.

In a statement presenting the Chinese govt’s five-year strategy for iron ore, the government expresses its dissatisfaction with variable global commodity prices and its reliance on imports.

The piece, which was released in the state-run Economic Daily, highlighted efforts to expand local iron ore output by 30%, as well as pouring money at abroad mines to enhance China’s stake in operations and increasing steel waste recycling.

Mr Chen a senior executive at China International Engineering Consulting Corp went on to say It already has set a goal of 45% iron ore ��self-sufficiency” by 2025, demonstrating its intention to unshackle itself from Australia’s iron ore, which has caused a trade tensions and strained diplomatic ties.

Mr Chen launched a major goal of increasing imported iron ore from mines with a substantial Chinese equity participation from 8% now to more than 20% by 2025.

He further detailed plans to boost internal iron ore production by about a third, to 370 million tonnes, by speeding up output from 25 current mines and establishing 28 nationally planned mining sites.

While the Simandou project in Guinea, West Africa, is China’s best hope for reducing its dependency on Australian iron ore, it is fraught with dangers, including the latest Omicron variation, which would prohibit employees from entering the nation.

“The project might generate 150 million metric tonnes per year, accounting for 10% of the seaborne market, although that is projected to be at least a decade out. For China’s ambitions to develop Simandou, strategic considerations transcend economic justification “According to a Commonwealth Bank mining and energy analyst.

[zvaigzdelasas]

Guinea’s mines minister has once again ordered a full suspension of activities related to the Simandou iron ore mine project after the two companies involved missed an extended deadline to agree on a joint venture.

Mines Minister Moussa Magassouba, a member of the ruling junta, said that both Rio Tinto’s (ASX, LON: RIO) subsidiary Simfer and Chinese-backed consortium Winning Consortium Simandou (WCS) have shown a “lack of willingness” to work on a partnership [...]

The vast deposit, in the country’s southeast, has not been developed since Rio Tinto first obtained an exploration licence for it 25 years ago. [...]

At two billion tonnes in iron ore reserves and some of the highest grades in the industry (66% – 68% Fe, which attracts premium pricing), Simandou is one of the most easily exploitable iron ore deposits [in the world]

At full production, the mine is expected to export up to 100 million tonnes per year. Simandou would by itself be the world’s fifth-largest producer [...]

Guinea has said any developer of the mine must build a railway spanning the country, even though it adds significant costs and the route to port through neighbouring Liberia is much shorter.

4 Jul 22

[lejournaldupeintre]

Guinea’s Simandou iron ore project / Rio Tinto faces tough task to rebuild reputation

Guinea’s Simandou iron ore project / Rio Tinto faces tough task to rebuild reputation

François Polge de Combret

The French banker at the centre of a Guinean mining scandal

Polge de Combret is suspected of bribery, worth $10 million, for helping the Anglo-Australian multinational company, Rio Tinto, secure its mining license for the southern block of the mountain and almost half of Simandou’s iron deposits. The agreement was signed in 2011 with the Government of Guinea and…

[afrikonomics-blog]

The trade in minerals continues to be a major part of many African economies.

Africa is renowned for its vast deposits of minerals : the 8 largest projects currently being undertaken in sub-Saharan Africa, Read more : The trade in minerals continues to be a major part of many African economies.