That involves expanding production at Weipa by developing land to the south of Weipa, as well as bringing on production to make up for about 13 million tonnes a year of lost production from mines to the north.
If Chalco does not reach agreement with Rio, it plans to build itsown port and send the ore viaconveyor belt across Rio's tenements
Rio wants to go north and south,it cannot go west because that is all ocean and all the tenaments to the east are all secured,many by MKY.
MKY Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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