Mining convention for Simandou
The Mining Convention for Simandou sets out the legal and financial conditions attached to the future possible development. It was signed by the ministers of Mines and Finance in November 2002. In February 2003, it was ratified by the National Assembly and signed into law by the president of Guinea in February 2003.
In March 2006 Rio Tinto's local subsidiary, Simfer SA, was granted the mining concession stipulated in the convention.