'Significant period of renewal' coming for Rio iron ore network

RIO Tinto has signalled it will need to spend significant capital in coming years to refurbish and replace its ageing Pilbara iron ore network.

'Significant period of renewal' coming for Rio iron ore network 'Significant period of renewal' coming for Rio iron ore network 'Significant period of renewal' coming for Rio iron ore network 'Significant period of renewal' coming for Rio iron ore network 'Significant period of renewal' coming for Rio iron ore network

As part of its Capital Markets Day in London overnight, Rio said sustaining capital for its Pilbara iron ore business from 2020 had been lifted to US$1.5 billion from $1 billion.