首页|The return of Simandou is a threat to second-tier iron ore miner
The return of Simandou is a threat to second-tier iron ore miner
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Business conditions toughened in sec-ond half of last year for producers of low-grade iron ore, but they could get a lot tougher as Rio Tinto and other de velopers move closer to making final investment decisions on the giant, but long-delayed, Simandou iron ore de posits in Guinea. Worst affected by a wave of heavy-duty discounting of second-tier ore was the Australian company Mineral Resources, which posted a pre-tax loss of A$6 million in the December half, compared with a profit of A$659 million in the previous corresponding period.