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

📆 2020-10-02 5:00 AM
📰 WSJ

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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.

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

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