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.
Cliffs Natural Resources Inc, an S&P 500-listed iron ore and metallurgical coal miner, reported a drop in quarterly profit on Wednesday as lower iron ore sales weighed on its revenue.
The company’s net income was $97.1 million or 66 cents a share, down…
