Australian mining company Rio Tinto announced that together with partners in a joint venture, the Japanese company Mitsui & Co. and Nippon Steel, it invests $ 733 million in the development of new iron ore deposits in the West Angels Hub, which is part of the long -term joint venture of Robe River in the Pilbar region in Western Australia. The investment share of the Rio Tinto will be $ 389 million.
The project has currently received full approval at the state level and at the federal level and will maintain the annual power of the hub of 35 million tons, extending its service life for many years. In the near future, the construction of sections of non -production infrastructure and 22 km of roads will begin, and the first mining of ore is scheduled for 2027. The ore will be autonomously transported to existing West Angels processing enterprises.
during the construction of about 600 jobs will be created, and after commissioning the project will support about 950 regular positions. Tinto (53 percent), Mitsui Iron Ore (33 percent) and Nippon Steel (14 percent), controls mines in the Robe Valley.
