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News Breaks
May 19, 2014
06:12 EDTRIORio Tinto nearing Simandou deal, Guardian reports
Rio Tinto is poised to ink a long-awaited investment agreement for the stalled $20B Simandou iron ore project in Guinea later this month, the Guardian reports, citing comments made by CEO Sam Walsh. The project will include a railway to carry iron ore from the Simandou mountain range to a deep-water port. Reference Link
News For RIO From The Last 14 Days
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November 18, 2014
13:28 EDTRIOIron ore, steel stocks lower after iron ore prices, China home prices decline
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November 9, 2014
13:10 EDTRIORio Tinto CEO defends iron-ore expansion moves, WSJ says
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November 6, 2014
13:30 EDTRIORio Tinto unit announces train derailment, missing conductor
The Iron Ore Company of Canada, subsidiary of Rio Tinto, confirms that early in the morning, a derailment occurred on the QNS&L railway near Sept-Iles, in the province of Quebec. The locomotive of the train, which was transporting empty cars and travelling from Sept-Iles, was found submerged in water. Preliminary information suggests that a landslide caused the derailment. The conductor is unaccounted for and his family has been notified. Our first priority is locating our employee. IOC Emergency Services & Security are responding to the scene along with support from the Sureté du Quebec and the Transportation Safety Board. All railway traffic has been suspended until further notice as we investigate the cause of the incident. We are deeply committed to ensuring the safety and well-being of our employees and will continue to provide updates as details become available. Reference Link

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