Rio Tinto announces $3.5Bn mine in WA

If mining construction is in a trough someone forgot to tell Rio as they announce the go-ahead on the $3.5Bn Koodaideri iron ore mine in WA. The project, due to commence in 2019 with production expected in late 2021, will support the companies Pilbara Blend product.

Phase 1 includes a 166km rail line, processing plant and associated infrastructure and expects to employ 2000 people in construction with 600 roles ongoing. Rio Chief Executive Jean-Sebastien Jacques stated “It will be the most technologically advanced mine we have ever built and sets a new benchmark for the industry in terms of the adoption of automation and the use of data to enhance safety and productivity”.

The development is subject to final Western Australian Government approval.

Read the full press release here.