The world’s largest producer of iron ore, Rio Tinto, and the XCMG Group entered into a global cooperation framework agreement in Conakry, Guinea.
The statement of work for the Simandou mining project has been signed by XCMG and Rio Tinto SimFer, a joint venture between Chinalco Iron Ore Holdings (CIOH), Rio Tinto, and the Government of the Republic of Guinea. This represents a major advancement in the development of the biggest undeveloped iron ore deposit in the world.
A full inventory of core mining equipment, comprising dozens of 230-ton mining trucks and large 350- and 550-horsepower mining graders, will be provided by XCMG as part of this agreement. This project has a contract value of around $110 million in total.
This accomplishment not only validates XCMG’s dominant position in the global mining equipment market, but it also demonstrates our dedication to building solid, mutually beneficial partnerships with key players in the sector.