EXPLORATION & DEVELOPMENT

Explosives, materials drive Rio costs blow-out

RIO Tinto will develop the new Clermont thermal coal mine in Central Queensland for a $950 million price tag, more than double what the company predicted in 2004.

MiningNews.Net

Explosives, materials drive Rio costs blow-out

Rio's environmental impact statement in August 2004 outlined similar production rates to the current projections of 12-15 million tonnes per annum but estimated an investment of only $440 million. Rio...

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