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Rio Tinto to invest $338m in WA iron ore mine

08 Aug 2016
Rio Tinto recently unveiled its plans to invest $338 million to complete the development of the Silvergrass mine at its Pilbara iron ore operations in WA. 

The mining giant announced the investment will assist with lowering mine operating costs by replacing road haulage with a more efficient conveyor system. 

“The additional low-phosphorus tonnes that Silvergrass delivers will sustain the long-term viability of our Pilbara blend, ensuring continued premium pricing, while also lowering our operating costs through infrastructure improvements,” said chief executive Jean-Sebastien Jacques.

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