The extra volumes will result in a significant disruption in the matrix of global iron ore supply, writes Will Fray, director, MSI, but there remain reasons to be cautious.
The numbers around the Simandou iron ore project in Guinea approach the hyperbolic. Rio Tinto, as a lead investor in one half of the deposit (blocks 3 & 4), expects that portion to contribute around 10m tonnes of high grade ore by 2026 with a gradual ramp-up to about 60m tonnes over the next three years. Read more at Splash247.com
