Rio Tinto ready to build Simandou after almost 30 years of setbacks
Simandou has faced delays due to legal disputes, political changes, and the challenges of building a 600 km rail and port infrastructure.
A planned dividend payment by steelmaker Siderar SID.BA was blocked by an Argentine judge on Thursday in the latest twist in a row linked to the government’s efforts to tighten control over leading companies.
The steel company had planned to pay a 2010 dividend of $359.5 million on Friday despite a ruling last month by the country’s stock market regulator that effectively annulled the payment by declaring a shareholders meeting void.
