Original article by Peter Ker, Tess Ingram
The Australian Financial Review – Page: 16 : 11-Aug-16
Rio Tinto has issued the first tender for the last phase of its Silvergrass iron ore mine, which is slated to cost $US338m ($A438m). The resources giant is seeking a contractor to supply crushing machinery, a conveyor belt and electric power to the project. Rio commenced the initial phase of the Silvergrass mine in 2015, making extensive use of construction contractors. It is expected to do so with the final phase of the mine, which is expected to produce about 20 millions of iron ore each year when it reaches full capacity.
CORPORATES
RIO TINTO LIMITED – ASX RIO, NRW HOLDINGS LIMITED – ASX NWH