16 September 2011

Simandou's senior leaders gather in Conakry

Rio Tinto, through its subsidiary Simfer S.A held an extensive project delivery session with the Simandou management team.
As the Simandou iron ore project continues its momentum, Rio Tinto's Simandou leadership team gathered in Conakry to discuss the future progress against the development commitments.
Simandou's leaders, including, Alan Davies, President of International Operations, Rio Tinto Ore and the newly appointed Managing Director, Graham Davidson, confirmed their vision for the project, reviewed key project milestones and renewed their determination to delivering Simandou first ore by mid-2015.
"I am delighted that the entire team, General Managers and Managers in Guinea; directors of the project and study teams; and the commercial and senior leadership team, could come together for this workshop. I am encouraged by the milestones we are achieving, with our partners the Government of Guinea, Chinalco and the IFC. We work as one team, determined to deliver real progress that will bring one of the most significant iron ore operations worldwide to production for Guinea, in line with our commitments to the Government of Guinea" Mr Alan Davies said after the workshop.
The Simandou project includes:

• A 95 mtpa mine in the Simandou mountain range in the South East of Guinea,
• A Trans-Guinean railway of approximately 650km to transport the ore from the mining concession to the Guinea coast for export, and
• A new deepwater port south of Conakry in the Forecariah prefecture.

An initial delivering of iron ore through trucking options will allow us to commence operations early and develop our workforce.

Notes to editors

Simandou is a world class iron-ore mining project operated by Rio Tinto that will include joint venture partners, the Government of Guinea, the Aluminum Corporation of China (Chinalco) and the International Finance Corporation (IFC), a member of World Bank Group. The project is located in the south-east of Guinea and will comprise of a mine, approximately 650 km Trans-Guinean railway, and a deep water port south of Conakry. After a five year ramp up, the project will export up to 95 million tonnes per year. The first shipment of ore is expected by mid-2015.

About Rio Tinto

Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.

Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminum, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.

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