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.
Macarthur Coal shares soared almost 40 per cent after Peabody Energy’s near $5 billion takeover bid, providing a stock price boost to others in the Australian coal sector.
The shares closed up $4.06, or 36.64 per cent, at $15.14 on Tuesday, Macarthur’s highest finish since late April.
