CAPITAL MARKETS

Rio commits to $US1.35b Hamersley expansion

WITH its current round of expansions not yet fully complete, Rio Tinto has announced it will spend another $US1.35 billion increasing its Western Australian iron ore capacity further to almost 200 million tonnes a year.

Greg Tubby

Rio commits to $US1.35b Hamersley expansion

Production from the seven-year-old Yandicoogina mine, wholly owned by Rio’s Hamersley Iron unit, will be increased to 52Mtpa from 36Mtpa at a cost of $US530 million. Yandicoogina was commissioned in...

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