Rio Tinto: approves big investment for Australian mine
(CercleFinance.com) - Rio Tinto said on Wednesday that it has approved a 2.
6 billion dollar investment in an iron ore mine located in Western Australia.
The global mining group said it plans to develop its "most technologically advanced mine" in this new production hub that is found in the Pilbara region, the group's flagship asset.
The Koodaideri mine will include a 166-kilometre rail line connecting the mine to the existing network, Rio Tinto said.
Construction will start next year, with first production expected in late 2021. Once complete, the mine will have an annual capacity of 43 million tonnes.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
6 billion dollar investment in an iron ore mine located in Western Australia.
The global mining group said it plans to develop its "most technologically advanced mine" in this new production hub that is found in the Pilbara region, the group's flagship asset.
The Koodaideri mine will include a 166-kilometre rail line connecting the mine to the existing network, Rio Tinto said.
Construction will start next year, with first production expected in late 2021. Once complete, the mine will have an annual capacity of 43 million tonnes.
Copyright (c) 2018 CercleFinance.com. All rights reserved.