XCMG Machinery Signs Landmark Global Cooperation Agreement With Rio Tinto For Simandou Iron Ore Project In Guinea, Supplying Over $110M In Core Mining Equipment Including 34 Mining Trucks And Large Graders
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XCMG Machinery has signed a significant global cooperation agreement with Rio Tinto for the Simandou iron ore project in Guinea. The deal involves supplying over $110 million in core mining equipment, including 34 mining trucks and large graders.
August 21, 2024 | 12:34 pm
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Rio Tinto has entered a global cooperation agreement with XCMG Machinery for the Simandou iron ore project, involving a $110M supply of mining equipment. This partnership could enhance Rio Tinto's operational capabilities in Guinea.
The agreement with XCMG Machinery provides Rio Tinto with essential mining equipment, potentially improving their operational efficiency and capacity at the Simandou project. This could positively impact Rio Tinto's production capabilities and future revenues.
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