Rio says Oyu Tolgoi first ore in 2012
Rio Tinto said its total capital expenditure for the 18 months to December 2011 remained as forecast, at about $US13 billion ($A13.25 billion).
"Due to some re-phasing, the current year's spend is now anticipated to be close to $US4 billion ($A4.08 billion), with an increase to around $US11 billion ($A11.21 billion) in 2011," it said.
Infrastructure expansion is underway in Western Australia's Pilbara region to take Rio Tinto's iron ore production capacity up to 283 million tonnes per annum (Mtpa) by 2013, with final feasibility studies underway to increase capacity to 333 Mtpa.
"Rio Tinto's Pilbara port, rail and mine operations have unrivalled potential to grow significantly beyond this level, if required by the market," the mining giant said.
Mr Albanese said a doubling of iron ore, aluminium and copper demand over the next 15 to 20 years, driven by industrialisation and ubranisation in developing countries, would require a significant supply response. © 2010 AAP
"Due to some re-phasing, the current year's spend is now anticipated to be close to $US4 billion ($A4.08 billion), with an increase to around $US11 billion ($A11.21 billion) in 2011," it said.
Infrastructure expansion is underway in Western Australia's Pilbara region to take Rio Tinto's iron ore production capacity up to 283 million tonnes per annum (Mtpa) by 2013, with final feasibility studies underway to increase capacity to 333 Mtpa.
"Rio Tinto's Pilbara port, rail and mine operations have unrivalled potential to grow significantly beyond this level, if required by the market," the mining giant said.
Mr Albanese said a doubling of iron ore, aluminium and copper demand over the next 15 to 20 years, driven by industrialisation and ubranisation in developing countries, would require a significant supply response. © 2010 AAP
Comments
Post a Comment