Australian Journal reported, the world's second largest iron ore producer Rio Tinto (RioTinto) announced plans to invest $ 3.7 billion ($ 3.64 billion) expansion of large-scale iron ore mining in Western Australia's Pilbara (Pilbara). Rio Tinto, the Pilbara mining show a long-term growth prospects.
Although large-scale mining enterprises have recently buzzing about the fall in commodity prices, the uncertainty brought about by the slowing growth in China and the United States and Europe economic difficulties, but Rio Tinto is still made ??the decision to invest.
Rio Tinto executive long Albanese (Tom Albanese) said in a statement: "We invest in the project will be for our shareholders the greatest return in any macro-economic environment can maintain flexibility.", "Today this initiatives in line with our long-term adherence to mining investment, long life, low cost of an asset strategy, but also consistent with our economic outlook. "
The next four years, Rio Tinto will invest 2 billion U.S. dollars (1.97 billion Australian dollars) construction of ports and railways. In the Pilbara, the annual output will reach 353 million tons from 2015.
In addition, Rio Tinto will invest $ 1.7 billion (AUD 16.7), to extend the life of the Yandicoogina mine in the Pilbara in 2021, and each year to expand its production of 6 million tons.
Rio Tinto has been conditional approval of the Western Australian Government can to expand CapeLambert port. Expansion is complete, the Western Australian iron ore exports will rise to 133 million tons per year.
Western Australia long Barnett (Colin Barnett), port construction labor the highest number of over 1700 people, after the completion of the facility will bring approximately 100 full-time jobs.
Cape Lambert port expansion to take three years to complete. Recently, Rio Tinto announced plans to invest 300 million yuan, the expansion near the port town of Wickham, to facilitate the port workers living.
Rio Tinto has invested $ 501 million ($ 400 million to 93.28 million Australian dollars) Guinea Simandou iron ore project infrastructure.
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