Global miner Rio Tinto is confident its giant iron ore project at Simandou in Guinea can proceed, Chief Executive Tom Albanese said today (Monday).
"We are confident. We are continuing to proceed with the project," he told reporters. Last week Rio said Guinea was reviewing its award of the Simandou mining concession.
Earlier, Albanese told a business luncheon that rival BHP Billiton’s $180 billion-plus offer for Rio undervalued its assets and prospects.
Rio has rejected the offer of 3.4 BHP shares for each Rio share as too low.
Source: Reuters
No comments:
Post a Comment