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Rio Tinto inks $3.5 billion investment in Koodaideri

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Rio Tinto inks $3.5 billion investment in Koodaideri

Rio Tinto is on track to begin construction of the Koodaideri iron ore mine in the Pilbara, Western Australia next year after approving a $US2.6 billion ($3.5 billion) investment in the project.

The miner plans to start production at Koodaideri, around 35 kilometres from its Yandicoogina iron ore site, in late 2021.

With an estimated capacity of 43 million tonnes a year, it is poised to become Rio Tinto’s next major Pilbara hub and will integrate extensive automation and digitisation technologies.

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BHP awards $250m South Flank contract to Thyssenkrupp

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BHP awards $250m South Flank contract to Thyssenkrupp

Thyssenkrupp Industrial Solutions has won a contract to deliver the largest rail mounted stackers and reclaimers in the world to BHP’s $4.6 billion South Flank project in the Pilbara, Western Australia.

The $250 million contract will see Thyssenkrupp design, supply, construct and commission the large-scale stockyard machines at South Flank, which is being developed by BHP’s Western Australian Iron Ore (WAIO) business to produce first ore in 2021.

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Artemis joins the hunt in the Paterson province on land it also beat Rio Tinto to

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Artemis joins the hunt in the Paterson province on land it also beat Rio Tinto to

Artemis Resources has decided it’s time to step up its effort in the hotly talked about Paterson province.

Better known for its exploits in other parts of WA’s highly resource-fertile Pilbara region, Artemis (ASX:ARV) told investors today that it now plans to start exploring its 600 sq km Armada prospect in the Paterson.

Artemis revealed in July that it had beaten Rio Tinto to the large patch of ground by about three hours.

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‘World-class’ copper-gold intersection uncovered at Paterson Province, Rio Tinto ups exploration ante in the Pilbara

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‘World-class’ copper-gold intersection uncovered at Paterson Province, Rio Tinto ups exploration ante in the Pilbara

Greatland Gold (AIM: GGP) has added some kindling to the copper-gold rumours in Western Australia’s Paterson Province after it struck a “world-class” 275m thick intersection at its wholly-owned Havieron project, near mining giant Rio Tinto’s (ASX: RIO) rumoured major copper discovery.

The result was reported from the first hole of the drilling program, with the 275m intercept a combination of upper and lower mineralised zones.

The upper zone totalled 118m at 3.08 grams per tonne gold and 0.84% copper from 459m, while the lower zone intersected 157m at 6.04g/t gold and 0.44% copper from 660m.