08.06.2011 - Rio Tinto says $10 bln Guinea ore mine attracts sovereign wealth funds
Rio Tinto Group, the world’s second- biggest mining company, said its Simandou iron-ore mine project in Guinea has attracted interest from sovereign wealth funds. The development, a venture with Aluminum Corp. of China Ltd., has attracted “strong interest from other sovereign wealth funds and international financiers,” Alan Davies, president of international operations, said in a slide presentation posted on London-based Rio’s website. The company has spent $1.5 billion at the West African site to-date and production is scheduled to start in 2015, it said...............................................Full Article: Source
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