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.
Brazil’s Vale , the world’s top iron-ore miner, expects prices of the steelmaking raw material to remain above $150/t for at least the next five years on tight global supplies, the Financial Times reported on Thursday.