Wabtec Secures a $277-Million Locomotive Order from SimFer (Rio Tinto JV) to Support the Simandou Iron Ore Project Business Wire Tue, Jul 30, 2024, 11:00 AM 2 min read ...

A Rio Tinto Plc unit signed a $277 million agreement to buy locomotives from Wabtec Corp. to transport iron ore from Guinea’s Simandou deposit, the world’s biggest untapped reserves of the ...

The Simfer joint venture comprises Simfer S.A., the holder of Simandou South Blocks 3 & 4, which is owned by the Government of Guinea (15%) and Simfer Jersey Limited (85%).

In turn, Simfer Jersey Limited is a joint venture between the Rio Tinto Group (53%) and Chalco Iron Ore Holdings (47%) – a Chinalco-led joint venture of leading Chinese SOEs (Chinalco (75% ...

China’s Xuzhou Construction Machinery Group (XCMG) has signed an agreement with global miner Rio Tinto’s Simfer to supply equipment for its giant, untapped Simandou iron ore project in Guinea ...

Simfer is a joint venture formed by Rio Tinto, Aluminum Corp. of China Ltd., known as Chinalco, and the Guinean government. Copper $ 5.5765 / lb -0.12% Brent Crude Oil $ 70.49 / bbl -0.06% ...