Rio Tinto (RIO) CEO Jakob Stausholm talks about the Simandou project in Guinea, China's economy and demand for raw materials, and the mining giant's growth strategy. The world's largest exporter of iron ore will spend around $6.2 billion to develop this vast project, which aims to supply better-quality raw materials to steelmakers anxious to reduce their emissions. Stausholm stressed that demand for iron does not depend solely on China, as other regions such as India are growing, and that investment in new mines is necessary to maintain production, and that Rio Tinto is keen to expand into copper.
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