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Rio Tinto approves $1.6 bln for new iron ore mine
August 30, 2010 @ 2:31 pm In Iron Company News
Rio Tinto (ASX:RIO) has approved $1.6 billion to expand its Hopes Downs iron ore mine project in Australia.
The press release is quoted as saying:
The new open-cut mine will have an annual capacity of 15 million tonnes of high-quality iron ore, with first production anticipated in 2013.
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URL to article: http://ironinvestingnews.com/948-rio-tinto-approves-1-6-bln-for-new-iron-ore-mine.html
URLs in this post:
[1] Click here to access the entire press release: http://www.reuters.com/article/idUSSYU01055720100830
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