Anglo-Australian company Rio Tinto announced its intention to invest $2,600 million in the construction of a Koodaideri mine containing iron ore in Western Australia. According to the calculations of the company, the production capacity of the mine will be 43 million tons of iron ore per year. Rio Tinto will begin its construction in 2019. It is planned that the company will receive the first batch of ore in 2021. As stated by the head of Rio Tinto, Jean-Sebastien Jacques, the mine will be automated and equipped with modern technological equipment, which will use the data to improve safety and productivity.
Gold prices move closer to $1,800 as COVID-19 cases surpasses 10 million worldwide25.06.2020
Italy grants $7.1 billion loan to Fiat Chrysler24.06.2020
Dell Technologies to consider a $50 billion spinoff with VMware24.06.2020
BOJ offers $78 billion in loan to virus-hit firms in first phase of lending program