CAPITAL MARKETS

Rio approves $3.1B Pilbara funding

RIO Tinto has committed a further $US3.4 billion ($A3.1 billion) to take Pilbara iron ore production to 283 million tonnes per annum, as well as early works for the ultimate expansion to 353Mtpa.

Kristie Batten

Rio approves $3.1B Pilbara funding

The investment includes $2.2 billion to extend the life of Rio’s wholly owned Nammuldi iron ore mine by 14 years. The first ore from the Nammuldi expansion will be delivered in the third quarter of...

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