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Rio commits to next stage of iron ore expansion

DESPITE recent talk of project deferments or slowed spending, Rio Tinto has this afternoon announced a $US4.2 billion ($A4.1 billion) commitment to the expansion of its iron ore operations in the Pilbara and Guinea.

Kristie Batten

Rio commits to next stage of iron ore expansion

The investment commitment equates to $6.2 billion on a 100% basis. The funding covers $3.7 billion , or $5.2 billion on a 100% basis, for expansion of Rio’s Pilbara iron ore operations in Western Australia...

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