Rio Tinto achieves 290m tpy run rate in Pilbara ahead of schedule

Rio Tinto has reached a run rate of 290 million tpy at its Pilbara iron ore system of mines, rail and ports in Western Australia, two months ahead of schedule.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The target was previously set for June 2014.

“We are now focused on the next phase of our expansion towards 360 million tpy.

“The infrastructure is on schedule for completion in a little over 12 months and, from a base run rate of 290 million tpy, we have a rapid, low-cost pathway to increase mine production capacity by more than 60 million tpy between now and 2017,” Andrew Harding, Rio Tinto iron ore ceo, was quoted as saying in an announcement released on Tuesday May 13.

The miner said it is on track to deliver its low-cost growth in the next two years with mine production of more than 330 million tonnes in 2015.

What to read next
Steel trading and production have come to a halt in the eastern Turkish region of Iskenderun following a devastating earthquake that hit the region on Monday February 6 and put mills in the area under force majeure, sources told Fastmarkets on Tuesday
A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas
Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed