Rio Tinto has approved a $2.6 billion investment in the Koodaideri iron ore mine in Western Australia, which will allow it to develop its most technologically advanced mine. Koodaideri will deliver a new production hub for Rio Tinto’s world-class iron ore business in the Pilbara, incorporating a processing plant and infrastructure, including a 166-kilometer rail line connecting the mine to the existing network. Construction will start next year with first production expected in late 2021. Once complete, the mine will have an annual capacity of 43 million metric tons (mt), underpinning production of the Pilbara Blend, Rio Tinto’s flagship iron ore product.
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