Rio Tinto Invests $733M to Sustain West Angelas Iron Ore Hub
Rio Tinto, in collaboration with Mitsui Iron Ore and Nippon Steel, is investing $733 million to maintain and enhance the West Angelas iron ore hub in Western Australia's Pilbara region. The project, part of Rio Tinto's comprehensive suite of replacement iron ore developments, aims to preserve the hub's annual production capacity at 35 million tonnes, with first ore expected by 2027.
The investment, which includes Rio Tinto's share of $389 million, will not only sustain the hub's production but also generate substantial economic benefits for Western Australia's mining sector. It will engage local supply chains and support businesses and service providers throughout the project's lifecycle.
The West Angelas Sustaining project is set to create around 600 construction jobs during its development phase and support approximately 950 full-time positions once operational. This aligns with Rio Tinto's broader strategy of maintaining tier-one assets with long life spans, competitive costs, and expansion potential.
By maintaining rather than expanding production capacity, Rio Tinto demonstrates a disciplined approach to supply in the global iron ore market. This strategy helps to avoid price volatility and positions the company to maintain its competitive advantage. The project underscores Rio Tinto's commitment to sustainable, long-term operations in the Pilbara region, ensuring its continued presence in the global iron ore market.
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