# XCMG signs $110M mining equipment supply contract with Rio Tinto for Simandou project

XCMG Group signed a global cooperation framework agreement with Rio Tinto to supply core mining equipment, including 230-ton mining trucks and large graders, for the Simandou iron ore project in Guinea. The contract is valued at approximately $110 million.

- Type: Contract
- Announced: 2024-10-10
- Where: Conakry, Guinea, Guinea
- Value: $110.0M
- Status: announced
- Products: mining trucks, mining graders
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [XCMG](https://endata.com/companies/15137.md)
- [Rio Tinto](https://endata.com/companies/4215.md) (customer)
- [Rio Tinto SimFer](https://endata.com/companies/79314.md) (partner)
- [Chinalco Iron Ore Holdings](https://endata.com/companies/80343.md) (partner)
- [Government of the Republic of Guinea](https://endata.com/companies/80344.md) (partner)

## Sources

- [plantandequipment.news](https://www.plantandequipment.news/news/africa/xcmg-signs-with-rio-tinto-to-supply-mining-equipment-in-guinea/), 2024-10-10: "This represents a major advancement in the development of the biggest undeveloped iron ore deposit in the world."

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