Rio to pour $3.7bn into Pilbara iron ore projects
Australian mining giant Rio Tinto will invest an additional US$3.7bn into its iron ore production and export projects in Western Australia’s Pilbara region.
Dampier. Photo - Southern Cross Maritime
Rio is targeting a 25% ramp up of its Pilbara production over the next four years, to take its exports to 353mtpa.
The Rio strategy contrasts with Pilbara rival BHP Billiton whose chief executive, Marius Kloppers, recently signalled BHP Billiton is...
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