Original article by Peter Ker, Mark Wembridge
The Australian Financial Review – Page: 14 & 18 : 10-Sep-25

Rio Tinto and its partners have negotiated a corporate tax rate of just 15 per cent for the rail and port component of the Simandou iron ore project in Guinea. This tax rate will apply for the first 17 years of operation of the port and rail infrastructure, before rising to 25 per cent; this compares with the standard corporate tax rate of 35 per cent in Guinea. The iron ore mines will have a different tax arrangement. Rio Tinto, Singapore-based Winning International and Chinese steelmaker Baowu are investing $US23.2 billion ($35.1 billion) on the two Simandou iron ore mines and the associated rail and port infrastructure. Iron ore shipments are slated to commence in November.

CORPORATES
RIO TINTO LIMITED – ASX RIO, WINNING INTERNATIONAL, CHINA BAOWU STEEL GROUP CORPORATION LIMITED