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