Rio Tinto and Hancock are $ 1.6 billion for Australia’s Hope Downs 2 Project

Rio Tinto and Hancock intelligence planned to invest $ 1.6 billion in 2 billion dollars in 2 iron ore zones in the Pilbara region of Rio Tinto, Rio Tinto’s share is $ 800 million.

After receiving all the necessary state approvals, the project was appointed to provide the production of Rio Tinto and Hancock exploration equal partners to the production of the joint venture (JV).

Hope reduces 2 projects, with two new water tables iron ore holes, 2 and bedroom bedding beds, bedding beds.

This holes are expected to be a combined annual production capacity of 31 million tons (MT), which will contribute to the long-term performance of the joint venture.

Rio Tinto Iron Ore Executive President Simon Trott said: “The approval of Downs 2 is the main stage for Rio Tinto because we invest in the next generation of Pilara.

“These projects are part of our strategy to invest in the Australian Iron ore and support pilberga production for decades, jobs, local enterprises and the national economy.

The development includes new non-refining infrastructure points, railway crossings, roads and 6 km of large northern highways.

Oil on new sites will be developed at low levels, the first ore and related infrastructure will be expected to be operated until 2027.

The construction phase is expected to create more than 950 jobs and once conducts operation, Hope Downs 2 Project is expected to protect equivalent positions about 1,000 full-time working hours.

Hope Downs 2 is part of a number of replacement projects that highlight Rio Tinto’s commitment to Pilbara.

These projects with a combined capacity of 130MTPA are inseparable to the company’s strategy in the region.

Over the next three years, Rio Tinto plans to invest more than $ 13 billion in new mines, plants and equipment.

The company is aimed at achieving and maintaining a medium-term system capacity between 345mtpa and 360mtpa from Pilbara iron ore operations.

In addition, a pre-technical justification continues for the Rhodes Range project, which is the most important developed iron ore bed of Pilbara.

Rio Tinto in a separate development agreed to pay £ 103.39 million ($ 138.75.75 million) To resolve the US claim In Mongolia, Oyu Tolgoi mine expansion is claimed to have investor fraud.

This initial settlement, which was presented with the US District Court, Rio Tinto, Rio Tinto, representing the shareholders of Turquoons and Turquoise Hill in July 2019.

“Rio Tinto and Hancock are $ 1.6 billion for the Umid Downs Downs 2 project,” first created and published Mining technologyA global brand.

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