Australian
mining giant
Rio Tinto has announced that it is planning to invest a further US$833 million within the scope of expansion of its iron ore operations in Western
Australia, in order to upgrade its power and fuel supplies in the state
This adds to a string of planned
investments in the iron ore-rich state as
Rio Tinto seeks to spend roughly US$15 billion to boost its output capacity there to 333 million mt a year. Last week,
Rio Tinto said it aims to spend US$310 million on building a new coastal water supply system for its
mining operations in the Pilbara region of Western
Australia