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Simandou mine site

Major funding turns $26B mega mine into ‘reality’

A Pilbara ‘killer’ resources project will proceed after securing crucial finance. Investors recently approved $15 billion (A$22.6B) in funding agreements for the $26B Simandou mine, 526km...

Simandou mine site

$26B mega project partners reach agreement

Multinational employers revealed how they plan to construct a Pilbara ‘killer’ mine. Rio Tinto and four other proponents recently reached a mutual agreement on their $26 billion Simandou...

Simandou mine site

$26B mega project reopens

A Pilbara ‘killer’ development resumed after proponents settled a long-running dispute. Rio Tinto recently reopened its US$20 billion (A$26.7B) Simandou Project, 526km southeast of...

Rio Tinto mine workers

Mining giant secures funding for new $2B project

A foreign entity will help cover the cost of a proposed $2 billion resources development. State-run China Baowu Steel Group (CBSG) recently formed a joint venture (JV) with Rio Tinto to support its...