Rhodes Ridge iron-ore project, Australia – update
Photo by ©Reuters
Name of the Project
Rhodes Ridge iron-ore project.
Location
East Pilbara, in Western Australia.
Project Owner/s
Rhodes Ridge Joint Venture (RRJV), comprising global mining group Rio Tinto (50%), Japanese conglomerate Mitsui & Co (40%), and private company AMB Holdings (10%).
Project Description
Rhodes Ridge is one of the world’s best undeveloped iron-ore deposits. It contains 6.8-billion tonnes of mineral resources at an average grade of 61.6% iron, including 5.3-billion tonnes at 62.2% iron and 600-millon tonnes at 63.9% iron.
An order of magnitude study has proposed the development of an operation with initial capacity of up to 40-million tonnes a year, subject to relevant approvals.
The development will use Rio Tinto’s rail, port and power infrastructure.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
Not stated.
Planned Start/End Date
First ore production is anticipated by 2030.
Latest Developments
A prefeasibility study to progress the development of Rhodes Ridge is expected to be completed this year, with a feasibility study to follow.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Rio Tinto, tel +61 8 9327 2000 or email media.enquiries@riotinto.com.
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