XCMG signs landmark mining equipment deal with Rio Tinto for Simandou
On August 12, Chinese mining equipment major XCMG and mining giant Rio Tinto signed a global cooperation framework agreement in Conakry, the capital of Guinea. At the same time, XCMG and SimFer Company, a joint venture between Rio Tinto and Chinalco Group, signed a statement of work for the Simandou mining project. This marks a significant step forward in developing the world’s largest untapped iron ore deposit. In 2014, XCMG and Rio Tinto established a cooperation related to XCMG’s hydraulic cylinder products. The 400 t excavator hydraulic cylinder provided by…
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