Rio Tinto announces US$3.1 billion expansion in Western Australia 29 October 2010 Leading international mining group, Rio Tinto, has announced a US$3.1 billion expansion of its iron ore infrastructure in the Pilbara region in Western Australia. The investment will increase Rio Tinto’s infrastructure capacity to 283 million tonnes (M/ta) during 2013, and will support port and rail infrastructure works around Cape Lambert, including a two-berth wharf and six new heavy-haul train units. The company has also approved a final feasibility study into increasing Pilbara production capacity to 333 Mt/a. Rio Tinto CEO, iron ore and Australia, Sam Walsh said, “This is the largest mining project ever undertaken in Australia and highlights the quality of our growth options.” The Rio Tinto group has dual-listed companies: Rio Tinto Limited, which is based in Melbourne and listed on the Australian Securities Exchange; and Rio Tinto PLC, which is based in London and listed on the London and New York Stock Exchanges. Although each company trades separately, the two entities operate as one business. Rio Tinto mines coal, iron, copper, uranium, industrial minerals, aluminium, gold and diamonds. More information |