Rio Tinto’s Simandou Project to Begin Operations in 2025 with $79M First-Year Revenue

Multinational mining company Rio Tinto’s (LSE/ASX: RIO) Simandou iron ore project in Guinea is expected to start operations in 2025, contributing $79 million in its first year of production, based on Visible Alpha consensus. Earlier this year, Rio announced a $6.2 billion investment in the Simandou mining project in West Africa, in collaboration with other companies, including five from China. Simandou is the world’s largest untapped high-grade iron ore deposit. Rio Tinto owns 53% of the project, which is expected to help strengthen Rio Tinto’s position in high-quality iron ore. In 2025, the mine is estimated to have a production volume of 1,282.5 K tons, with 675.5 K tons attributable to Rio.