Publication Date:
Tue, 2011-02-08 21:47
The expansion to IOC's operations announced on Tuesday would boost iron ore concentrate production at the Canadian unit to 26 million tons, or 40 percent, per year.
It is the second phase of a planned three-stage expansion.
Rio Tinto's share of the new investment is $163 million.
The separate investment in the Marandoo iron ore mine in Western Australia's Pilbara region will extend its life by 16 years to 2030.
Rio Tinto owns the mine outright.
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