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.
Nov 29 (Reuters) - Rio Tinto (RIO) will proceed with a $2.6...
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$115.14 |
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| RIO (ASX) Chart |