# XCMG signs $110M mining equipment deal with Rio Tinto SimFer for Simandou project

XCMG Machinery signed a $110 million contract with Rio Tinto SimFer to supply large mining trucks, graders, loaders and excavators for the Simandou iron ore project in Guinea, Africa.

- Type: Contract
- Announced: 2024-08-01
- Where: Simandou, Guinea, Guinea
- Value: $110.0M
- Status: announced
- Products: mining trucks, graders, loaders, excavators
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [XCMG Machinery](https://endata.com/companies/58761.md)
- [Rio Tinto](https://endata.com/companies/4215.md) (customer)
- [Rio Tinto](https://endata.com/companies/4215.md) (partner)
- [XCMG Machinery](https://endata.com/companies/58761.md) (supplier)
- [Chalco Iron Ore Holdings](https://endata.com/companies/78952.md) (partner)
- [Rio Tinto SimFer](https://endata.com/companies/79314.md) (customer)

## Sources

- [constructionbriefing.com](https://www.constructionbriefing.com/news/xcmg-signs-110m-mining-equipment-deal/8038800.article?zephr_sso_ott=Rl4kcT), 2024-08-22: "Rio Tinto Simfer has signed a $110 million contract with XCMG Machinery for the delivery of multiple large mining trucks, graders and excavators for a mining project in Guinea, Africa."
- [mining-technology.com](https://www.mining-technology.com/news/xcmg-to-supply-equipment-simandou/), 2024-08-22: "This marks a new beginning of high-level friendly cooperation between XCMG and Rio Tinto and further demonstrates our leading technology and innovation capabilities in the field of heavy mining equipment."
- [newswire.ca](https://www.newswire.ca/fr/news-releases/xcmg-bolsters-apac-presence-with-new-financial-subsidiary-and-expanded-service-initiatives-816178427.html), 2024-10-01: "Yang signed project agreements with Rio Tinto totaling nearly 800 million yuan ($113 million) earlier in this August, propelling both entities into a new era of global mining equipment leadership."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.