To What Extent Would The Commencement Of Production At Simandou Boost Rio Tinto’s Iron Ore Shipments?
Rio Tinto has recently submitted a feasibility study for the Simandou iron ore deposit to the Government of Guinea. The Simandou deposit is considered the world’s largest untapped iron ore deposit, holding 2 billion tons of iron ore resources. Though production from the deposit is a long way off, if production from Simandou commences by 2022, the end of our forecast period, it would boost Rio Tinto’s annual iron ore shipments by around 6%, as illustrated by the calculations shown below:
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Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Rio Tinto