CAPITAL MARKETS

Rio announces $1.25 billion Hamersley expansion

RIO Tinto has thrown down the gauntlet to would-be entrants to the iron ore game with plans to spend US$920 million (A$1.25 billion) expanding Hamersley Iron’s Dampier port and Yandicoogina mine in Western Australia’s Pilbara region.

Greg Tubby
Rio announces $1.25 billion Hamersley expansion

The port expansion will boost iron ore capacity to 116 million tonnes a year from 74Mtpa and output at Yandicoogina will lift to 36Mtpa.. Capacity at the mine is currently around 20Mtpa, although a project...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.