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Iron awe: the key to Rio's future

RIO Tinto's faith in demand for iron ore from China is undiminished despite global rumblings of a slowdown, with the massive miner approving the $US2.4 billion ($A2.72 billion) development of two new iron ore mines in Western Australia. And in virtually the same breath, the company also outlined a "conceptual pathway" to increase its yearly production of the commodity to 600 million tonnes per year.

MiningNews.Net
Iron awe: the key to Rio's future

Rio said its "conceptual pathway" for iron ore growth included expanding its iron ore production from Western Australia's Pilbara region to some 420Mtpa. To achieve that goal, the company wants to define...

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