News Formal

A Major Miner’s Daunting Dig Could Reshape the Iron-Ore Market

  • 📰 WSJ
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The iron-ore riches buried in Guinea’s Simandou mountains have long been coveted. But deciding whether to dig it out is no easy choice.

SYDNEY—Rio Tinto PLC’s next leader will inherit a decision that could define the miner’s next decade: whether to partner with China on a potentially lucrative but costly African project that could reshape the iron-ore market.

That decision adds to a list of challenges for the successor to Jean-Sébastien Jacques, who was forced out after Rio Tinto destroyed two ancient rock shelters at Juukan Gorge in Australia in May.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I investigated Rio Tinto's mine near Ft. Dauphen, Madagascar. Extremely sketchy company

Do you not read the news

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google just unveiled its next major smartphone, the Pixel 5, a $600 5G phone - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. $700, wake up
Source: BusinessInsider - 🏆 729. / 51 Read more »