Rio Tinto continues to risk large in Africa

The British-Australian Mining Corporation Rio Tinto considers Africa as the next promising bridgehead after the implementation of its flagship project to extract iron ore in Guinea.

Alan Davis, Director General of the International Business Business Business company, on the forum in Cape Town on February 5, stated - "We have a long history of our presence in Africa. During this time we created the basis for the establishment of a strong business partnership."

He further added that Rio Tinto requires guarantees of the necessary safety and acceptable commercial conditions. These requirements will not seem strange if you recall that in 2012 the corporation wrote off more than $ 14 billion in the scrap, which initially went to expand production facilities in Africa and New Zealand.

Giant losses on the Black Continent were resigned by three tops of Rio Tinto, headed by the General Executive Director Tom Albanese.

Mr. Davis said that this time the errors of the Mozambic adventure will be taken into account and in Guinea, 650 km of additional railways have already begun, which will ensure uninterrupted shipment of railway raw materials to consumers.

In turn, the Minister of Mining and the Mosambic, Madame Esperans Bias, said that the efforts of her state will be solved by the local branch of Rio Tinto to mutual benefit. However, the mosambic will build a railway not only for the transportation of iron ore. “It seems to us that transportation should not be limited to only one type of product. Bill a new railway for one product is pointless,” Esperanza Bias said.

Based on materials from the site http://www.mofo.by/.