Ethiopia Angola Uganda Eritrea Swaziland Central African Republic Gabon Algeria Cape Verde Senegal Sudan Somalia Cameroon Congo Democratic Republic of Congo Morocco Niger Benin Botswana Burkina Faso Burundi Chad Tanzania Togo Tunisia Comoros South Africa South Sudan Djibouti Rwanda Zambia Zimbabwe Sao Tome and Principe Sierra Leone Gambia Ghana Guinea Equatorial Guinea Guinea-Bissau  Côte d'Ivoire Kenya Libyan Arab Jamahiriya Liberia Lesotho Malawi Mali Madagascar Egypt Mauritania Mauritius Mozambique Namibia Nigeria

Rio Tinto submits feasibility study for Simandou project in Guinea

Anglo-Australian mining giant Rio Tinto (RIO.L) said on Monday it had submitted feasibility studies to the Guinea government for its massive Simandou iron ore project, considered the world's biggest untapped iron ore deposit.

Simfer, Rio Tinto's subsidiary, "submitted today the bankable feasibility study (EFB) of the mine and the infrastructures of the Simandou South Project in Guinea", the world's No. 2 miner said in a statement.

"They are based on extensive analyses conducted during the last two years by Simfer, China Harbour Engineering Company (CHEC), China Railway Construction Corporation (CRCC) and other international mining and construction services providers."

The real cost of the project, which could have a major impact on Guinea's flagging economy, has yet to be revealed but it is tipped to reach $20 billion.