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Rio Tinto to invest $1.8 billion in new iron ore-有色金属展-铜材展-2025年广州国际有色金属工业（铜业）展览会-Non-Ferrous Metals Exhibition-Copper Exhibition-The 25th China(Guangzhou) Int'l Non-Ferrous Metals (Copper) Exhibition
3/10/2025 有色金属展-铜材展-non-ferrous metals expo |
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Australia-based miner Rio Tinto will invest $1.8 bilion to develop the Brockman Syncline 1 mine project (BS1) inthe West Pilbara region of Australia, according to a release from the company. Having received all necessaryapprovals, construction of the project will begin in 2025 and iron ore production with an estimated annualcapacity of 34 million mt is expected to start in 2027.Simon Trott, Rio Tinto lron Ore chief executive stated, "Brockman 4 produced 43 milion tonnes of iron ore in2024. Securing this project extends the life of the Brockman hub. Rio Tinto has been mining iron ore in thePilbara for almost six decades and our tranche of new mines will ensure we can continue to supply the globe''songoing need for iron ore, for decades to come.”
BS1 project encompasses Brockman 4 and Greater Nammuldi in Pilbara. On the other hand, the companyreported that the Western Range project is more than 90 percent complete and the Hope Downs 1 and WestAngelas projects are progressing through approval processes. Additionally, work continues on the pre-feasibilitystudy for Rhodes Ridae, one of the world''s largest and highest auality undeveloped iron ore deposits, which istargeting an initial capacity of up to 40 milion mt annually and first ore by 2030, as previously reported by
SteelOrbis.
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