Rio Tinto has today received correspondence from the President of Guinea purporting to rescind the Simandou Mining Concession.
In conjunction with its partner in the project, International Finance Corporation, Rio Tinto is currently studying the issues raised in the correspondence.
Rio Tinto remains confident that its arrangements are in all respects in conformity with Guinean laws and that it has complied with its obligations.
Rio Tinto negotiated and executed the Simandou Mining Concession in full transparency with the Guinean government and is currently in discussion with relevant ministers with a view to resolving any issues.
In conjunction with its partner in the project, International Finance Corporation, Rio Tinto is currently studying the issues raised in the correspondence.
Rio Tinto remains confident that its arrangements are in all respects in conformity with Guinean laws and that it has complied with its obligations.
Rio Tinto negotiated and executed the Simandou Mining Concession in full transparency with the Guinean government and is currently in discussion with relevant ministers with a view to resolving any issues.
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