Nov 29 (Reuters) - Rio Tinto (RIO) will proceed with a $2.6 billion investment in its Koodaideri iron ore mine in Western Australia, the miner said on Thursday.
It said in a statement that construction for the project would start in 2019, with first production expected in late-2021.
It added that the mine would have an annual capacity of 43 million tonnes, which is expected to underpin Rio's production of its flagship Pilbara blend iron ore.
News: RIO Rio Tinto to proceed with $2.6 bln iron ore mine in Western Australia
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