Rio Tinto sustains mid-term annual capacity of iron ore at 345-360 million tons
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Update time : 2023-12-13 15:55:48
Global mining company Rio Tinto said at its 2023 Investor Seminar in Sydney that the company aims to sustain the mid-term annual capacity of 345 to 360 million tons at its iron ore business in the Pilbara, including an ongoing pre-feasibility study for the Rhodes Ridge project, the best-undeveloped iron ore deposit in the Pilbara region.
In addition, the company planned to implement the Safe Production System at its Pilbara iron ore business, which would raise production by 5 million tons for this year and another 5 million tons for 2024.
For the copper sector, Rio Tinto’s production at the Oyu Tolgoi mine in Mongolia is increasing, and the annual output was expected to be 500,000 tons on average for the period 2028-2036.
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