Riotinto announced the restructuring of the expansion of its iron ore capacities in Pilbar, Australia, trying to reduce expenses during the slowdown in demand. The company does not refuse plans to increase the production of iron ore, but intends to reconsider some points for more efficient production.
The previously planned plans for increasing the extraction of iron ore raw materials, which is the main source of profit of the company, from 260 to 360 million tons by 2015, Rio Tinto suspenses until the best of time. In accordance with the updated development strategy, the company will strive to achieve capacities of 360 million tons, but already in a more distant perspective.
Recall that Rio Tinto has already "changed his mind" to develop the abandoned careers of the region such as Silvergrass and Koodaideri.
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