- Write by:
-
Monday, October 1, 2018 - 8:07:52 PM
-
967 Visit
-
Print
Mining News Pro - Rio Tinto plans to sustain production of its high-grade iron ore products through a $US1.55 billion ($2.1 billion) investment in two Robe River joint venture projects in the Pilbara, Western Australia.
According to Mining News Pro -One of the world’s largest mining companies has approved a multi-billion-dollar investment, as it looks to sustain production at a joint venture iron ore project in the Pilbara region.
Rio Tinto announced in a statement this week that it, together with joint venture partners Mitsui and Nippon Steel & Sumitomo Metal, has approved an investment of $1.55 billion to sustain production capacity at the Mesa B, C and H deposits at its Robe Valley project and Deposits C and D at its West Angelas operation.
The company will invest $967 million (with Rio Tinto contributing $513 million) in Robe Valley and $579 million (of which Rio Tinto will contribute $307 million) in the West Angelas operation.
The investments will ‘enable Rio Tinto to sustain production of the Pilbara Blend, the world`s most recognised brand of iron ore, and its Robe Valley lump and fines products, which are highly valued by long-term customers.’
Short Link:
https://www.miningnews.ir/En/News/272606
Mining News Pro - Rio Tinto on Tuesday marked the official opening of Gudai-Darri, its most technologically advanced ...
Mining News Pro - Surging global demand for lithium raw materials has led to a positive outcome during the March Quarter ...
Mining News Pro - Industrial hubs in Port Hedland and Karratha have been opened to new tenants, as DevelopmentWA invests ...
Mining News Pro - Aqura Technologies has won a managed serviced agreement with DXC Technology for entertainment networks ...
Mining News Pro - The Pilbara Ports Authority (PPA) has begun investigating the trade of iron ore at the Port of ...
Mining News Pro - Pilbara Minerals has renewed its mining services contract with MACA at the Pilgangoora Lithium project ...
Mining News Pro - The share price of lithium producer Pilbara Minerals fell on Monday, after shareholder Mineral ...
Mining News Pro - Pilbara Ports Authority (PPA) has continued to improve the mining supply chain across the Pilbara ...
Mining News Pro - Aqura Technologies has won a contract for technology and communications infrastructure upgrades at ...
No comments have been posted yet ...