MINER'S RIGHT

The return of Simandou is a threat to second-tier iron ore miner

Business conditions toughened in second half of last year for producers of low-grade iron ore, but they could get a lot tougher as Rio Tinto and other developers move closer to making final investment decisions on the giant, but long-delayed, Simandou iron ore deposits in Guinea.

Tim Treadgold
The return of Simandou is a threat to second-tier iron ore miner

Worst affected by a wave of heavy-duty discounting of second-tier ore was the Australian company Mineral Resources which posted a pre-tax loss of A$6 million in the December half compared with a profit...

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