Global mining group Rio Tinto has announced that it has approved a US$2.6 billion investment in the Koodaideri iron ore mine. Koodaideri is completely owned by Rio Tinto and located in the Pilbara region of Western Australia, approximately 35 kilometers northwest of the company’s Yandicoogina mine site.
The company plans to build a new production hub with a processing plant and a 166-kilometer rail line connecting the plant to the existing network. Construction will start next year and the company expects production to begin in late 2021, with an annual capacity of 43 million mt.