Simandou Iron Ore

completed

The project is the continued exploration of various high grade iron ore resource targets with a 110 km long zone in the Simandou Mountain Range in the Eastern Region of Guinea. The Mining Convention covering the concession area is held by a locally incorporated Rio Tinto subsidiary, SIMFER S.A. The proposed IFC investment is the acquisition of a 5% stake in SIMFER S.A. and future contributions to equity cash calls until completion of a Feasibility Study for the project. IFC will also receive options to acquire 5% stakes in other Rio Tinto iron ore exploration assets in Guinea.