Rio debuts newest iron ore mine
Rio debuts newest iron ore mine Rio Tinto (ASX: RIO) and China Baowu Group have officially opened their joint venture, 54% and 46% owned respectively, the Western Range iron ore mine in the Pilbara region in WA. The $3b project, completed on time and within budget, is anticipated to provide stability for Paraburdoo’s more than 880 residential and FIFO employees. It also supports the ongoing viability of Paraburdoo town and strengthens the WA and national economies through royalties and taxes. The opening of the site follows the completion of construction...
