Rio Tinto to Invest $833 Million in Pilbara Iron Ore Expansion
The projects are needed to support annual production capacity of 283 million tonnes (Mt/a), a milestone Rio Tinto has targeted for 2013. The fuel infrastructure project will also help support the next phase of potential expansion, to 333 Mt/a in 2015.
“This investment marks yet another significant step toward the expansion of iron ore production by 50% in the five years to 2015, a timeline we recently brought forward by six months,” said Sam Walsh, chief executive of Iron Ore and Australia. “These projects provide certainty in meeting our power and fuel supply requirements, both now and into the future.”
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