MINING company Rio Tinto is planning further investment in its heavy-haul railway in the Pilbara region of northwest Australia to cope with a projected increase in international demand for iron ore. Rio Tinto said last week it will spend $A 246 million ($US 230 million) to raise output by 5 million tonnes to 230 million tonnes per year by the first quarter of 2012.
MINING company Rio Tinto is planning further investment in its heavy-haul railway in the Pilbara region of northwest Australia to cope with a projected increase in international demand for iron ore. Rio Tinto said last week it will spend $A 246 million ($US 230 million) to raise output by 5 million tonnes to 230 million tonnes per year by the first quarter of 2012.
The investment will focus on increasing throughput at the port of
Dampier and capacity enhancements on the rail network to allow
increased operations from the Nammuldi and Brockman 2 mines. It is the
second stage of a project to raise Pilbara iron ore output to 330
million tonnes.
