CONAKRY: Rio Tinto has until February to formally give up its rights to part of Guinea’s giant Simandou iron ore concession or it will risk losing its remaining stakes, the West African state’s top mining official said.
The Anglo-Australian miner, which has invested US$680mil in what it says is the world’s largest undeveloped iron ore deposit, has been in dispute with Guinea over blocks 1 and 2, which the government gave to BSG Resources in April.
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