Xcmg and rio tinto forge new partnership for world-class simandou iron ore project
Value of over us$110 million contract signed between xcmg and rio tinto simfer covers dozens of mining trucks and mining graders for the world's largest untapped reserve of high-grade iron ore conakry, guinea , aug. 21, 2024 /prnewswire/ -- xcmg machinery (she: 000425, "xcmg"), the world's leading construction equipment manufacturer, has entered into a landmark global cooperation framework agreement with rio tinto, the world's largest iron ore producer in conakry, guinea's capital. another statement of work for the simandou iron ore project, the world's largest untapped reserve of high-grade iron ore, has also been signed between xcmg and rio tinto simfer, a joint venture between the government of the republic of guinea, rio tinto, and chalco iron ore holdings, involving the supply of a comprehensive suite of core mining equipment valued over us$110 million, including over 34 units of 230-ton mining trucks and over dozens of large mining graders with 350 and 550 horsepower, ancillary equipment and large production loaders and excavators.
RIO Ratings Summary
RIO Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission