Rio upbeat about Pilbara’s iron-ore future

Diversified miner Rio Tinto has moved to allay fears that it was close to depleting its iron-ore deposits in the Pilbara, with iron-ore CEO Sam Walsh saying that the company was expecting growth in output. “Our mine plan presently extends to...

Rio to invest $518m in long-distance driverless trains

Mining giant Rio Tinto is continuing to invest in the Pilbara region of Western Australia, announcing on Monday a further $518-million investment on the world’s first automated long-distance heavy-haul rail network. The first driverless trains...

Rio Tinto earmarks $3.5bn for Pilbara iron-ore expansion

Mining giant Rio Tinto has committed to a further $3.5-billion investment in its iron-ore operations in the Pilbara. The investment would comprise a $2.2-billion investment to extend the life of the Nammuldi iron-ore mine, increasing the...

Rio Tinto approves another $1.3bn for Simandou

Diversified miner Rio Tinto has approved another $1.328-billion for its Simandou iron-ore project in Guinea, bringing the total commitment to the project to $3-billion. The miner said on Tuesday it was accelerating the development of the project,...

Company Announcement: Rio Tinto approves further US$211 million study funding and US$1.117 billion early commitments in next stage of the Simandou iron ore mining project in Guinea

Rio Tinto is accelerating the development of the Simandou iron ore project in Guinea with the approval of a further US$211 million for continued studies and US$1.117 billion of funding for commitments for early works and procurement of long-lead...

Rio Tinto boosts Pilbara iron-ore spend by $833m

Mining giant Rio Tinto will invest a further $833-million in infrastructure to support its iron-ore expansion plans in Australia’s Pilbara region, the company announced on Thursday. Some $520-million would be pumped into power and gas network...

Rio Tinto invests $310m in Pilbara water project

Mining giant Rio Tinto has agreed to invest $310-million in a coastal water supply project to support its iron-ore operations in Western Australia’s Pilbara region. The miner said it would surrender its existing priority entitlements of the...

Rio inks MoU with Jindal to advance smelting technology

Diversified giant Rio Tinto has signed a memorandum of understanding (MoU) with India’s Jindal Steel and Power to take the next step of commercialising its HIsmelt technology into a fully integrated steel-making facility. The MoU will also...

Rio Tinto accelerates Pilbara iron-ore expansion

Diversified giant Rio Tinto said on Wednesday that $676-million would be invested in early works and procurement to accelerate its iron-ore expansion programme in the Pilbara region of Western Australia. Rio would reach its 333-million-ton-a-year...

Despite China slowdown fears, iron-ore optimism remains

With growing fears that the Chinese economy could suffer a hard landing from the government’s cooling measures, analysts said this week Beijing has a good track record of managing the economy so far, and prices for commodities like iron-ore...

Rio Tinto to study pricing iron-ore in yuan

Global miner Rio Tinto said on Friday it would study the possibility of switching iron ore price settlements to Chinese yuan, though it had no current plans to do this. "For us, it's a complex issue," Rio Tinto iron ore chief Sam Walsh told a...

Rio Tinto exports 1-billionth ton of iron-ore to China

Diversified miner Rio Tinto on Thursday shipped its one-billionth ton of iron-ore from its operations in Western Australia to customers in China. The billionth ton was loaded onto the Yi Da at its Cape Lambert port operations with a cargo of 205...