Rio Tinto submits feasibility study for Simandou project in Guinea

A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015.

GUINEA: Anglo-Australian mining giant Rio Tinto (RIO.L) said on Monday it had submitted feasibility studies to the Guinea government for its massive Simandou iron ore project, considered the world's biggest untapped iron ore deposit.

Simfer, Rio Tinto's subsidiary, "submitted today the bankable feasibility study (EFB) of the mine and the infrastructures of the Simandou South Project in Guinea", the world's No. 2 miner said in a statement.