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.
The new offer from Prominvest was highly conditional and indicative with a cash price of A$1.42 per share, Northern Iron said.
That was just above a sweetened A$1.40 per share offer from Aditya Birla worth A$518 million. Northern Iron said it plans to…