financetom
Business
financetom
/
Business
/
Market Chatter: Rio Tinto Stockpiles 2 Million Tons of Simandou Ore for First China Shipment
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Rio Tinto Stockpiles 2 Million Tons of Simandou Ore for First China Shipment
Oct 17, 2025 11:50 AM

02:29 PM EDT, 10/17/2025 (MT Newswires) -- Rio Tinto (RIO) has stockpiled 2 million tons of iron ore at its Simandou project in Guinea for the first shipment in mid-November to China, Reuters reported Friday, citing people familiar with the matter.

Rio will initially route exports via infrastructure owned by partner Winning Consortium Simandou, according to the report.

The company had stated in its Q3 production report that one of the mines at the project had amassed 1.5 million tons of ore.

Rio Tinto did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 67.88, Change: -0.87, Percent Change: -1.27

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved