and 42.5% equally held by a Rio Tinto grouping with Chinese investors known as Simfer, and China-backed Winning Consortium Simandou, Simfer said in an emailed statement.

PITTSBURGH, July 30, 2024--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) today announced an order for Evolution Series ES43ACmi locomotives from SimFer, a joint venture among the Government of ...

Under the CTG, Rio Tinto subsidiary Simfer, which Chinalco and Baowu also hold shares in, is expected to finance half the project, which has an estimated cost of between $15 billion and $20 billion.

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 ...

PITTSBURGH — Wabtec Corporation (NYSE: WAB) today announced an order for Evolution Series ES43ACmi locomotives from SimFer, a joint venture among the Government of the Republic of Guinea, Rio Tinto, ...