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.
Go deeper with GlobalData
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%.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
