Rio Tinto Studying Koodaideri Iron Ore Development
Rio Tinto has budgeted A$30.9 million for a feasibility study of development of its Koodaideri iron ore project in the Pilbara region of Western Australia. The study will examine the project as Rio Tinto’s next potential major mining development in the Pilbara, with production intended to replace existing production.
A prefeasibility study of the Koodai-deri project was released in November 2016, outlining a project that would process 40 million metric tons per year (mt/y) of high-grade iron ore through a dry crushing and screening plant. Construction would include non-process infrastructure, product stock-yards, a rail loop and load-out facilities, and a 170-km rail link. Capital required was estimated at $2.2 billion.
BHP Approves South Flank Initial Funding
On June 26, BHP announced the investment of US$184 million in the South Flank sustaining mine project in central Pilbara, Western Australia. BHP President Operations, Minerals Australia, Mike Henry said the funding would generate several hundred construction jobs and provide opportunities for Western Australian suppliers.