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Rio Tinto’s West African bet comes back to haunt it

November 17th, 2016 Africa, News 0 comments

Massive iron-ore deposits in the Simandou mountain range, in the remote forests of Guinea, promised Rio Tinto PLC riches. Now the undeveloped $20 billion project is the source of a worsening headache for the company—and a cautionary tale for miners venturing into the frontiers. The untapped deposits were once a coveted prize in the global…

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