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.
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