{"id":43197,"date":"2026-05-21T03:29:42","date_gmt":"2026-05-21T03:29:42","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/43197\/"},"modified":"2026-05-21T03:29:42","modified_gmt":"2026-05-21T03:29:42","slug":"rio-tintos-simandou-ramp-up-gathers-pace-ubs-says-satellite-images-show","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/43197\/","title":{"rendered":"Rio Tinto&#8217;s Simandou ramp-up gathers pace, UBS says satellite images show"},"content":{"rendered":"<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/05\/28ecc36779afe68e7d5ccbe1a727761a.webp\" alt=\"Rio Tinto's Simandou ramp-up gathers pace, UBS says satellite images show\" loading=\"eager\" height=\"540\" width=\"960\" class=\"yf-lglytj  loaded\"\/> Rio Tinto&#8217;s Simandou ramp-up gathers pace, UBS says satellite images show Proactive uses images sourced from Shutterstock      <\/p>\n<p class=\"yf-1fy9kyt\">Satellite imagery\u00a0shows\u00a0<a href=\"https:\/\/finance.yahoo.com\/quote\/RIO.l\" data-ylk=\"slk:Rio Tinto Ltd;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Rio Tinto Ltd&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">Rio Tinto Ltd<\/a>\u00a0is accelerating activity at the Simandou iron ore project in Guinea, with shipments now under way and infrastructure close to completion.<\/p>\n<p class=\"yf-1fy9kyt\">Shares in the FTSE 100 miner hit an all-time high of 7,421p on Thursday, up 0.7% on the day, 22% since the start of 2026 and 47% since this time last year.<\/p>\n<p class=\"yf-1fy9kyt\">UBS, which has a 12-month price target of 6,900p and rates the stock &#8216;neutral&#8217;,\u00a0said the project appears \u201cslightly ahead of schedule\u201d, with around 1 million tonnes of iron ore shipped since December 2025.<\/p>\n<p class=\"yf-1fy9kyt\">Shipping frequency has picked up from one vessel every three weeks in December to roughly one per week in February. That implies a run rate of about 11 million tonnes per annum.<\/p>\n<p class=\"yf-1fy9kyt\">Rio said in its fourth quarter update that train loading at the Simfer mine, covering Blocks 3 and 4, began in October, with the first shipment from the WCS port in December.<\/p>\n<p class=\"yf-1fy9kyt\">Fourth quarter mine gate production reached 2.3 million tonnes on a 100% basis, with sales expected from the first quarter of 2026.<\/p>\n<p class=\"yf-1fy9kyt\">UBS satellite images show ore stockpiles building at Maribaya port and at the mine gate.<\/p>\n<p class=\"yf-1fy9kyt\">Rail infrastructure is nearing completion, while permanent crushing facilities are advancing, with completion targeted in the second half of 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"Rio Tinto&#8217;s Simandou ramp-up gathers pace, UBS says satellite images show Proactive uses images sourced from Shutterstock Satellite&hellip;\n","protected":false},"author":2,"featured_media":43198,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20718],"tags":[12991,21875,21628],"class_list":["post-43197","post","type-post","status-publish","format-standard","has-post-thumbnail","category-rio-tinto","tag-rio-tinto","tag-satellite-images","tag-simandou"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116610450512943986","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/43197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=43197"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/43197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/43198"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=43197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=43197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=43197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}