Let’s try again : Good news from Rio confirming the November...

Let’s try again :
Good news from Rio confirming the November news last year that construction at Koodaideri is going ahead this year
anyone else too)
On January 18, 2019 Rio released it’s fourth quarter results:

Rio Tinto releases fourth quarter production results

Fourth quarter operations review
Rio Tinto releases fourth quarter production results
18 January 2019


Pilbara projects

On 28 December 2018, Rio Tinto announced it had successfully deployed AutoHaulTM, establishing the world’s first automated heavy-haul, long distance rail network. Since completing the first autonomous haulage run in July 2018, Rio Tinto has steadily increased the number of autonomous journeys in a controlled and safe manner, with over 1.6 million kilometres now travelled autonomously. The programme will now focus on optimising autonomous operations.

On 29 November 2018, Rio Tinto announced the full approval of a $2.6 billion investment in the Koodaideri iron ore replacement mine. Koodaideri will deliver a new production hub 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 in 2019 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. Construction of accommodation facilities has commenced at site. A $44 million pre-feasibility study into Koodaideri Phase 2 was also approved in the fourth quarter.

On 1 October 2018, Rio Tinto announced an investment of $1.55 billion (Rio Tinto's 53 per cent share $820 million) at two projects to sustain production capacity at the Robe River Joint Venture. Approvals and commencement of works are proceeding to plan.