Rio Tinto Okays Development Of Silvergrass Mine To Maintain Pilbara Blend

(RTTNews) - Anglo-Australian mining giant Rio Tinto Plc (RTNTF, RIO, RIO.L, RTPPF) said that it will invest an incremental A$338 million to complete the development of the Silvergrass mine in its Pilbara iron ore operations in Western Australia.

The Silvergrass investment adds 10 million tonnes of capacity.

The company noted that the investment will lower mine operating costs by replacing road haulage with a more efficient conveyor system that links the Silvergrass operations to our existing processing plant at Nammuldi.

The final stage of the Silvergrass development is subject to obtaining necessary approvals from the West Australian Government.