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 out 600 km rail and port infrastructure.
Australian miner South32 Ltd said on Monday the sale of its manganese alloy smelter Metalloys in South Africa will not proceed, as it failed to satisfy certain commercial deal conditions.
The sale of Metalloys, which had ceased production in March 2020 after a review, was agreed by Samancor Manganese Proprietary Limited and Satka Investments Proprietary Limited late last year.
South32 did not disclose details on the conditions of the deal that were not satisfied, and added the site would remain under maintenance while it assess the options for the smelter.
(By Indranil Sarkar; Editing by Chris Reese)
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