Rio Tinto and Partners to Spend $733M on Australian Iron Ore Hub (RIO:NYSE)

Rio Tinto and partners to invest $733 million in Pilbara iron ore project

Rio Tinto and its partners will invest $733 million in Western Australia's Pilbara region. This investment will sustain the West Angelas iron ore hub's annual production capacity. The project will create jobs and extend mining operations for several years. Autonomous trucking is set to begin in 2027. This development supports Rio Tinto's overall Pilbara capacity.

Rio Tinto and partners to spend $733M on Australian iron ore hub (RIO:NYSE)

Rio Tinto and Japanese joint venture partners Mitsui and Nippon Steel unveiled plans to spend $733 million to extend the West Angelas iron ore mine in Western Australia.

Rio Tinto And Partners Approve $733m West Angelas Iron Ore Project

Rio Tinto Plc (LON:RIO), Mitsui and Nippon Steel will invest $733 million1 (Rio Tinto share $389 million) to develop the West Angelas Sustaining Project, part of the Robe River Joint Venture in Western Australia’s Pilbara region. The project, to develop new iron ore deposits in the West Angelas hub, has now received all necessary State and Federal Government approvals. The deposits will maintain the West Angelas hub’s total annual production cap…

Own Rio Tinto shares? Here's some big news announced today

Rio Tinto Ltd (ASX: RIO) shares are on course to finish the day with a gain. In afternoon trade, the mining giant's shares are up 1% to $124.72. Why are Rio Tinto shares rising? Today's gain could have been driven by the release of an announcement out of the miner this morning in relation to its iron ore operations. According to the release, Rio Tinto, Mitsui, and Nippon Steel will invest US$733 million to develop the West Angelas Sustaining Pro…

Rio Tinto Invests $1.1 Billion in Pilbara

Rio Tinto is doubling down on its operations in Western Australia’s Pilbara region with a $US733 million ($1.1 billion) iron ore mine expansion, undertaken in collaboration with its Japanese business partners. This investment is part of Rio Tinto’s broader commitment to spend $US20 billion over the next three years to sustain its current production levels. Rio Tinto is a leading global mining group that focuses on finding, mining, and processing…

Joint venture invests $1.1bn to extend West Angelas mine - Australian Resources & Investment

Image: A.PAES/shutterstock.com Australia’s iron ore heartland is set for another major injection of investment, with Rio Tinto and its Robe River Joint Venture partners Mitsui and Nippon Steel committing $US733 million ($1.1 billion) to sustain operations at the West Angelas iron ore hub in Western Australia’s Pilbara region. The investment, $389 million ($587.7 million) of which is coming from Rio Tinto – will fund the development of new deposi…