Rio revives Canadian iron ore expansion

RIO Tinto is breathing new life back into its iron ore expansion program in Canada with an investment of $US235 million ($A261 million), as the major miner reviews the impact of the federal government’s proposed resources super-tax on its Australian projects.

Rio revives Canadian iron ore expansion Rio revives Canadian iron ore expansion Rio revives Canadian iron ore expansion Rio revives Canadian iron ore expansion Rio revives Canadian iron ore expansion

Rio’s Canadian iron ore affiliate, the Iron Ore Company of Canada [IOC], will invest $401 million – of which Rio’s share is $235 million – to increase its annual concentrate capacity by 4 million