IAE

7.1300.83%

Rio Tinto will invest $1.8 billion to expand its iron ore project in Western Australia

Rio Tinto will invest $1.8 billion to develop the Brockman Syncline 1 iron ore project to extend the mining life of this project located in the West Pilbara region of Western Australia. The project has now been approved; the first batch of ore is planned to be mined in 2027, previously expected in 2028

Source: Wallstreetcn The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.