Still wondering if Rio Tinto has learnt from the rock shelters being destroyed at Juukan Gorge
A rush for ‘green’ iron is on in Guinea. Will chimpanzees be a casualty?
Unlike Australia, Guinea has a poor track record on taking heritage into consideration. But there are lots of cooks involved in Simandou including the Chinese Chalco Iron Ore and the Guinea military junta.
With Simandou creating very little social benefit, environmental concerns and odd stakeholders, it is hard to have a holding in Rio Tinto.
Although progress is being made, I think somewhere down the line, the environmental and social aspects that are being ignored may come back to haunt those involved in Simandou.
Probably by then maybe then there is a case to invest in Rio Tinto.