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August 8, 2010

Rio Tinto Increases Australian Port Investment to $1bn

Mining giant Rio Tinto will invest an additional $790m to expand Cape Lambert port in Australia, bringing the company's total investment in the port to $1bn. The move follows Rio Tinto's decision to expand its Western Australia iron ore operations in the Pilbara region to 330 million tons

By cms admin

Mining giant Rio Tinto will invest an additional $790m to expand Cape Lambert port in Australia, bringing the company’s total investment in the port to $1bn.

The move follows Rio Tinto’s decision to expand its Western Australia iron ore operations in the Pilbara region to 330 million tons.

The company will construct a 1.8km jetty and four-berth wharf to run parallel to the existing jetty and four-berth wharf.

Rio will invest $375m in marine works and $415m for the procurement of pile, marine structure, on-shore earthworks and machines.

Earlier in July, the firm announced it would spend $200m on dredging works for the Cape Lambert expansion.

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