Australian miner
Rio Tinto expects to delay its first
production from its Simandou
iron ore project in
Guinea by at least three years to 2018, according to media reports.
Rio Tinto will announce the
production date when the investment framework is concluded and the financing is in place. The company also added that the first estimate is that the
production will begin at the $20 billion Simandou project in 2018, if everything goes well.