We were due for more updates . Today RIO announced the official stamp of approval !
https://www.asx.com.au/asxpdf/20181129/pdf/440rjgj4h0jlnd.pdf
Rio Tinto approves $2.6 billion investment in Koodaideri iron ore mine 29 November 2018
Rio Tinto is to develop its most technologically advanced mine following the full approval of a $2.6 billion1 (A$3.5 billion) investment in the Koodaideri iron ore mine in Western Australia.
Koodaideri will deliver a new production hub for Rio Tinto’s world-class iron ore business in the Pilbara, incorporating a processing plant and infrastructure including a 166-kilometre rail line connecting the mine to the existing network. Construction will start next year with first production expected in late 2021. Once complete, the mine will have an annual capacity of 43 million tonnes, underpinning production of the Pilbara Blend, Rio Tinto’s flagship iron ore product.
We were due for more updates . Today RIO announced the official...
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