tiprankstipranks
Trending News
More News >

Rio Tinto opens Western Range iron ore mine

Rio Tinto (RIO) has officially opened its newest iron ore mine, Western Range, with Western Australian Premier Roger Cook and Federal Resources Minister Madeleine King joining Yinhawangka Traditional Owners and senior representatives from Rio Tinto and joint venture partner China Baowu Group to mark the milestone. Western Range has the capacity to produce up to 25M tons of iron ore per year and could sustain the existing Paraburdoo mining hub for up to 20 years. The $2B project, a joint venture between Rio Tinto and Baowu, was completed on time and on budget. It involved building a primary crusher and 18-kilometre conveyor system linked to the existing Paraburdoo processing plant.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue