Rio launches new wharf, expands Pilbara capacity to 290Mt/y
PERTH (miningweekly.com) – Diversified major Rio Tinto has completed the first phase of the expansion of its Pilbara iron-ore operations, with the miner officially opening its Cape Lambert wharf B on Wednesday.
The wharf would assist in bringing Rio’s overall iron-ore capacity to 290-million tonnes a year, making it the largest iron-ore operation in Australia and the second largest in the world.
Rio Tinto iron-ore CEO Andrew Harding said that the expansion, the largest integrated mining project in Australia, had created the opportunity for Rio to deliver superior value to shareholders and customers.
“We have again demonstrated our project execution performance is second to none, delivering this expansion ahead of schedule and under budget. This disciplined approach has generated greater value through capital expenditure savings of $400-million, achieved mainly from our engineering and contracting strategies across this phase of the programme,” said Harding.
“By running Australia’s lowest-cost iron-ore operations we will ensure the benefits continue to flow through to the bottom line.”
The Cape Lambert wharf B system delivered first shipment in late August, and the ramp-up schedule was on track to reach a full run-rate by the end of the first half of 2014.
The Phase 2 expansion of the port, rail and power infrastructure to 360-million tonnes a year is under way.
A number of options for mine capacity growth were under evaluation, including incremental tonnes from low-cost productivity improvements, expansion of existing mines and the potential development of new mines.
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