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00:00Les lessons are learnt and shared across all of Rio Tinto
00:05as a result of that incident.
00:08We're now in the final stretch of 2025
00:10and I'm proud to say that the Simfa team
00:12alongside our partners have made remarkable progress.
00:15Thanks to the rigorous management and commitment of our teams
00:18and in particular through a very bad wet season
00:22we've continued to see continued performance in this last quarter.
00:25The laying of 72 kilometres of rail or track
00:29from our rail spur from the mine connecting to the main rain line
00:33at the junction near Krawani is now complete
00:36marking now a unique connection between our mine site
00:39all the way to the port.
00:41It's a fantastic achievement for the project.
00:44In addition, the civil engineering work and structural work
00:46continues at the port
00:48and our transshipment vessel wharf structure
00:52is ready for the installation of conveyor.
00:54From the mine site, work also continues to progress
00:58at a very good pace with a standing of steel on many of our infrastructure
01:02now visually being able to see how the material will move
01:06from the top of the mountain to the bottom of the mountain
01:08to the rail and then to the port.
01:09It's a fantastic time.
01:11We're proud of the momentum that we've built
01:12not only in terms of infrastructure
01:14but also in how we are shaping a project
01:16that reflects the values and aspirations of Guinea.
01:19We're continuing to work hand-in-hand with the Guinea government,
01:22local businesses, civil society, communities
01:25all to ensure that Simundu is not just a mining project
01:28but it's a catalyst for inclusive development.
01:31Our initiatives are designed to leave a lasting legacy,
01:33one that goes beyond the life of the mine
01:35and contributes meaningfully
01:38to the well-being of future generations.
01:41As we move forward, we remain focused on delivering Simundu safely,
01:45responsibly and to the highest international standards.
01:48We thank you for your continued support
01:50and interest in the Simundu project
01:52and now of course we welcome your many questions.
01:54Thank you, Merci.
01:55Merci à tous.
01:56It was right from the start, so that's fantastic. Merci.
01:59And I do recognise from the last,
02:02so welcome back to the press conference.
02:04Look, I think the first question in regards to the downstream processing,
02:08we've got a commitment through our agreement
02:11to complete a feasibility study
02:14for a potential pelletisation plant into the future.
02:18We're committed to completing that feasibility study
02:20and through that study we'll be assessing the viability and options
02:24for that to move forward.
02:25So that's a commitment that we have
02:26and we're fulfilling that commitment.
02:28From a taxation perspective,
02:30all I would say on the taxation piece is we do publish our tax regime
02:35and we will be publishing the amount of tax that we pay here in-country.
02:39I don't have a particular comment in regards to how our tax relates to others.
02:43I think just suffice to say that we publish our regime
02:47and we will be publishing the amount of tax that we pay to cover off on that.
02:51I think the third question was in regards to community investment.
02:55I believe that was around community investment.
02:57Oh, the compensation.
02:58So the land acquisition?
02:59Yes.
02:59Yeah, no, we have a very comprehensive program for land acquisition
03:03and then followed with livelihood restoration.
03:06So from a land acquisition perspective, we've completed,
03:09in fact, I think all of the land acquisition process
03:12has now been completed across the mine, the rail and the port.
03:16We're now moving into a phase of livelihood restoration
03:19where we work with those impacted communities
03:21to ensure that their livelihoods are restored
03:23to the level at which they were before we've made an impact.
03:25That program will continue for the next few years.
03:28We have a study of feasibility of the raffinerie,
03:32so it's an usine of pelletization or an usine of a steel mill.
03:38So this study is an obligation for us.
03:40We will, as Chris said, on the other milestones of the project,
03:44ensure that this study is conducted
03:47and the results are presented to the government.
03:49It's on the basis of this study that the decision will be taken
03:53to see what the option is the most viable option.
03:55We have a clarification on the information
03:58that circulates on the fiscal origin.
04:01Like every project in the world,
04:03and in Guinea, the Guinea is not the exception,
04:06we negotiate the conventions.
04:09So there is the right general
04:11and there are the agreements that are signed in a convention.
04:16In our convention, we have a discussion about the fiscal origin.
04:20That's why my colleague said that our convention is published,
04:23the fiscal origin is available.
04:25Rio Tinto is very transparent
04:27on what we pay in terms of income,
04:31not only in Guinea, but everywhere where we operate.
04:33So it's clear that not only the fiscal origin is published,
04:37there is an agreement with the government,
04:39but also, when we start the operations,
04:43you can see in detail what we pay.
04:45Even in the construction phase,
04:47they are published, so it's accessible.
04:50We would be moving first,
04:52or I don't think we've ever stated that,
04:55so that might have been an erroneous number.
04:58What I would say is that the progress
05:00of all of the infrastructure is traveling to plan.
05:02Just in addition to the question of the demobilization,
05:06we need to know that the work group is inter-ministerial
05:10which includes the industrial partners in Simfer and Winning.
05:15This group has been implemented for several months already.
05:20The last week, there was an atelier facilitated by KPMG
05:25for an atelier technique,
05:27to look at the profit of the workers
05:30and the strategy for the state to put in place
05:33to ensure that not only the affected personnel
05:38is mobilized, but also the equipment.
05:40because when we look at the amplitude of the work
05:44on the infrastructure,
05:46we have a lot of employees who have adequate equipment
05:49to conduct other jobs in Guinea.
05:52So the government is saying that,
05:54rather than looking at it in a negative way,
05:57we will re-mobilize the workers
05:59and the other workers for other projects in Guinea.
06:02So for them, we talk about demobilization,
06:05they talk about remobilization.
06:07Now, of course,
06:09all the people who work with us have been trained,
06:14have acquired knowledge,
06:16who are in these projects
06:18or who are in their own account for their own projects.
06:22I think that we have contributed,
06:24in a certain way,
06:25to elevate the level of capacity of these people.
06:29I think also, and this is my hope as a Guinean,
06:33that people who have worked during the construction,
06:36not only skills,
06:37they will be future entrepreneurs.
06:39They have understood how we do the rails,
06:41how we do the quality control of the work,
06:46they can also create companies,
06:49to maximize their revenue
06:52and become employees of the demand.
06:55I have this hope as a Guinean
06:57and our team also works on community projects
07:00to ensure that the communities
07:02are not affected by this demobilization.
07:05Because if you have people who have revenue
07:07who live in communities
07:08who don't have revenue from the day to the day,
07:10it is the whole community that can be affected.
07:13So we do investments in these communities
07:15to ensure that this transition
07:17does not have a negative impact
07:19on the whole of the social ecosystem.
07:23It is a concern because of my interactions with the government,
07:27with the force of security,
07:29as well as the police, the gendarmerie, the army,
07:31we have often discussed about this.
07:33Because the ferrovia infrastructures are very close
07:35from the border.
07:36So for us, it is extremely important
07:38the investment,
07:39but also the security of the whole country.
07:43So it is important that the force of security
07:46makes this type of patrol
07:48to determine the areas of fragility
07:51or of security vulnerability
07:53so that security can be improved.
07:56Not only for the infrastructure
07:57but for the communities
07:58who do these activities all along.
08:00So the question of the drug
08:02and the circulation of people
08:04is part of this.
08:06We cooperate with the authorities
08:08on this.
08:10It is also important to insist on the fact
08:15that, as it is a co-developed project,
08:19there are a lot of actors,
08:20there are a lot of coordination,
08:21a lot of coordination mechanisms
08:23put in place.
08:24We can evolve together
08:28to improve things.
08:30We hope that,
08:32once we start the operations
08:34and that the CTG is totally in charge
08:37that some questions will be resolved.
08:41The question of the migration
08:43is related to the project.
08:45I myself,
08:47I do every semester
08:49the corridor
08:50to look at how things are happening,
08:52how we work with the communities
08:55and with the team.
08:56These fragments exist
08:58in some places.
08:59We have reported
09:00at several times.
09:01But when we stop,
09:03we can also look at
09:05that people are there
09:07to look for opportunities.
09:08I think that,
09:09once the construction is finished,
09:11a part of this population
09:14immigrated,
09:15because there is no village
09:16in this zone,
09:17could be able to leave.
09:19It is in this context
09:21that my concern is,
09:23because they will go
09:24where?
09:25They will return to Sierra Leone
09:26or Liberia
09:27or they will stay in Guinea.
09:29That is a question
09:30for the government to respond.
09:31Because we are in an integrated space,
09:34but the circulation of people
09:36is not our responsibility,
09:37it is that of the government.
09:39The corridor is close.
09:40It is not close to the communities.
09:42We see the cars,
09:44we do not see the infrastructure,
09:46we do not see the possibilities.
09:48After this first day,
09:50I called the corridor
09:52for an opportunity.
09:54If you want to discuss that,
09:57I can do it with the cafe.
09:59to bring the stone.
10:01J'aimerais, merci.
10:03Thank you.
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