Rio Tinto to Invest in Port Expansion

15 July 2010 (Last Updated July 15th, 2010 18:30)

Rio Tinto will expand its Cape Lambert port in Western Australia to support its iron ore operations. The $200m expansion will increase the Pilbara operation's capacity by 50% to 330 million tons a year, the company said. Rio will construct a 1.8km four-berth jetty and wharf at the

Rio Tinto will expand its Cape Lambert port in Western Australia to support its iron ore operations.

The $200m expansion will increase the Pilbara operation’s capacity by 50% to 330 million tons a year, the company said.

Rio will construct a 1.8km four-berth jetty and wharf at the port, increasing its annual capacity by 100 million tons.

The announcement follows the Australian Government’s decision to back down on its proposed super tax on mining profits, reducing the headline rate from 40% to 30%.