Rio Tinto, the hottest iron ore producer, spent 3.
2022-10-12- Detail
Iron ore producer: Rio Tinto spent 3.7 billion to expand Pilbara mining
it is reported that Rio Tinto, the world's second largest iron ore producer, announced an investment of $3.7 billion (3.64 billion Australian dollars) to expand large-scale iron ore mining in Pilbara, Western Australia
it is reported that Rio Tinto, the world's second largest iron ore producer, announced an investment of US $3.7 billion (US $3.64 billion) to expand the large-scale iron ore mining in Pilbara, Western Australia, such as carbon n. Rio Tinto believes that Pilbara's mining industry shows a long-term growth prospect
Rio Tinto has made the above investment decision despite the large mining companies' recent discussions about the uncertainties caused by the decline in commodity prices, the slowdown in China's growth and the economic difficulties in the United States and Europe
tomalbanese, CEO of Rio Tinto, said in a statement: the projects we invest in will bring the most generous returns to shareholders and will remain flexible in any macroeconomic environment. Today's move is in line with our long-standing strategy of investing in and mining primary assets with long life and low cost, and is also consistent with our view on the economic outlook
Rio Tinto will invest US $2billion (1.97 billion Australian dollars) to build ports and railways in the next four years. From 2015, the annual output of the company in Pilbara will reach 353 million tons
in addition, Rio Tinto will invest US $1.7 billion (a $16.7) to extend the life of the pirbala Yandicoogina mine to 2021, and expand its output by 6million tons per year Rio Tinto has obtained conditional approval from the Western Australian government to expand its capelambert port. After the expansion, the export volume of iron ore in Western Australia will increase the harmony of the enterprise, including the harmony between internal employees, to 133 million tons per year
the expansion of capelambert port will take three years to complete. Recently, Rio Tinto announced to invest 300million yuan to expand Wickham, a town near the port, to facilitate the residence of port workers
Rio Tinto has invested US $501million (equivalent to aud 493.28 million) to develop the infrastructure of the Simandou iron ore project in Guinea
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