Original article by Tess Ingram
The Australian Financial Review – Page: 15 : 31-Aug-17
Rio Tinto’s Silvergrass iron ore mine will eventually boast annual production of 20 million tonnes. The mine was officially opened on 30 August, and Rio Tinto CEO Jean-Sebastien Jacques stressed the importance of Silvergrass in maintaining the quality of the company’s "Pilbara Blend" as Chinese steel mills’ demand for higher-quality iron ore increases. Jacques has also indicated that Rio Tinto will consider the future of its stake in the Grasberg copper and gold mine when Freeport-McMoRan concludes negotiations with the Indonesian Government over the mine’s ownership structure.
RIO TINTO LIMITED – ASX RIO, FREEPORT-McMORAN COPPER AND GOLD INCORPORATED, FORTESCUE METALS GROUP LIMITED – ASX FMG, ROY HILL HOLDINGS PTY LTD, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET