Rio spends over A$500 million with WA businesses at Tom Price mine

Rio Tinto has to date awarded contracts valued at over $385 million to local Western Australian and Pilbara Aboriginal businesses to support the latest development of its Greater Tom Price Operations. Construction of the Western Turner Syncline Phase 2 expansion commenced in early 2020 and to date more than 85 per cent of spending on the project has been awarded to Western Australian and Pilbara Aboriginal …

Rio Tinto has to date awarded contracts valued at over $385 million (A$500 million) to local Western Australian and Pilbara Aboriginal businesses to support the latest development of its Greater Tom Price Operations.

Construction of the Western Turner Syncline Phase 2 (WTS2) expansion commenced in early 2020 and to date more than 85 per cent of spending on the project has been awarded to Western Australian and Pilbara Aboriginal businesses, directly through Rio Tinto or principal contractor Mondium.

At peak construction, development will support a workforce of over 1,000 people with the majority employed by WA businesses, including Guma Warnii, Monadelphous, Mondium, Kerman Contracting, Whittens, North West Mining & Civil, MACA Civil, Linkforce and Aerison.

Rio Tinto approved the $749 million (A$1 billion) investment in the mine in November 2019 to sustain production capacity of its iron ore business in the Pilbara. The investment allows for the mining of existing and new deposits at WTS2 and includes construction of a new crusher and a 13-kilometre conveyor which will help lower greenhouse gas emissions from the mine by 3.5 per cent compared to road haulage.

First production from the new deposits at WTS2 is expected in the second half of 2021.

Premier and Minister for State Development, Jobs and Trade, Mark McGowan said, “The Pilbara region is the engine room of the nation, and thanks to Western Australia’s strong management of the pandemic, we can expect more job-creating projects to come online in the coming years.

“Rio Tinto has been embedded in the Tom Price community for decades and have made a significant contribution to the town. I congratulate Rio Tinto for its commitment to this important project.

“This project will ensure Tom Price has a bright future and my government is committed to ensuring mining communities have first class services to support local families.”

Rio Tinto Iron Ore managing director of Pilbara Mines, Matthew Holcz, said Rio Tinto’s commitment to Tom Price and regional communities remains as strong as ever.

“Tom Price is the birthplace of Western Australia’s iron ore industry and more than 50 years later this $749 million (A$1 billion) investment in the Western Turner Syncline Phase 2 expansion will underpin the viability of this proud town for decades to come.

“We are proud the vast majority of contracts we have awarded to date have been to Western Australian businesses, including Pilbara Aboriginal businesses. This investment demonstrates our commitment to spending with local businesses, buying locally and supporting our communities through the creation of jobs.”

Rio Tinto Iron Ore currently employs more than 50 per cent of workers living in Tom Price and this latest development will extend employment opportunities into the future.

Notes to editors

Western Turner Syncline Phase 2 is located in the Pilbara region of Western Australia 35 kilometres north-west of the Tom Price mine from where its ore is ultimately processed and loaded onto rail.

Rio Tinto’s Greater Tom Price production hub includes the Tom Price, Western Turner Syncline Phase 1 and Western Turner Syncline Phase 2 satellite hubs. Rio Tinto commenced development of Western Turner Syncline Phase 2 in 2014 and expansion plans commenced in 2019.

The investment in the WTS2 mine will help sustain the current workforce at Rio Tinto’s Greater Tom Price production hub.

The project is expected to deliver an attractive internal rate of return with a capital intensity of about $25 per tonne of production capacity.

media.enquiries@riotinto.com
riotinto.com
Follow @RioTinto on Twitter

Media Relations, United Kingdom
Illtud Harri
M +44 7920 503 600

David Outhwaite
T +44 20 7781 1623
M +44 7787 597 493

Media Relations, Americas
Matthew Klar
T +1 514 608 4429

Media Relations, Asia
Grant Donald
T +65 6679 9290
M +65 9722 6028

Media Relations, Australia
Jonathan Rose
T +61 3 9283 3088
M +61 447 028 913

Matt Chambers
T +61 3 9283 3087
M +61 433 525 739

Jesse Riseborough
T +61 8 6211 6013
M +61 436 653 412

Investor Relations, United Kingdom
Menno Sanderse
T: +44 20 7781 1517
M: +44 7825 195 178

David Ovington
T +44 20 7781 2051
M +44 7920 010 978

Clare Peever
M: +44 7788 967 877

Investor Relations, Australia
Natalie Worley
T +61 3 9283 3063
M +61 409 210 462

Amar Jambaa
T +61 3 9283 3627
M +61 4 7286 5948

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

Category: Pilbara

News Provided by Business Wire via QuoteMedia

Resolution Minerals Ltd Drilling Program at Sunrise Gold Prospect Completed

Adelaide, Australia (ABN Newswire) – Resolution Minerals Ltd (ASX:RML) (FRA:NC3) is pleased to announce that it has completed the Company’s first drilling program on the Sunrise Gold Prospect at the 64North Project in Alaska. Drilling was conducted along an existing access road, targeting outcropping granite hosted mineralisation, analogous in style to Kinross’s Fort Knox Gold Mine, which is one of Alaska’s most profitable mines. The Sunrise Prospect was identified in 2020 by a RML trenching program and is located less than 5km from Northern Star’s operating Pogo Gold Mine.

Summary

– A 1400m long “fence line” of 27 shallow RAB drill holes designed to test outcropping mineralisation at the Sunrise Prospect has been completed.

Keep reading... Show less

Argyle Diamond Mine Closure: The End of a Sparkling Era

Pink and red diamonds are among the most special gems in the world. The value of these highly sought-after natural stones speaks for itself, but their rarity has arguably increased since the closure of Rio Tinto’s (ASX:RIO,LSE:RIO,NYSE:RIO) Argyle mine.

The asset, which ceased mining activity on November 3, 2020, had been in operation since 1983. In that time, 865 million carats of rough diamonds were produced.

The unique geological chemistry of the Western Australia location birthed the rarest hues, including champagne, cognac, blue, violet and of course, the coveted Argyle pink and red diamonds. Millions of carats of white diamonds were produced at the prolific property as well.

Keep reading... Show less

Argyle Diamond Mine Closure: The End of a Sparkling Era

Pink and red diamonds are among the most special gems on earth. The value of these highly sought-after natural stones speaks for itself, but their rarity has arguably increased since the closure of Rio Tinto’s (ASX:RIO,LSE:RIO,NYSE:RIO) Argyle mine.

The asset, which ceased mining activity on November 3, 2020, had been in operation since 1983. In that time, 865 million carats of rough diamonds were produced.

The unique geological chemistry of the Western Australia location birthed the rarest hues, including champagne, cognac, blue, violet and of course, the coveted Argyle pink and red diamonds. Millions of carats of white diamonds were produced at the prolific property as well.

Keep reading... Show less

Graphite Metallurgical Test Work Update

Highlights:

  • Bulk sample of Springdale graphite concentrate estimated to be completed in Q2 2021.
  • Concentrate material will then be sent to Germany to test its amenability for the production of battery anode material suitable for use in EVs.
  • Final test results expected in Q3 2021.

Comet Resources Ltd (ASX:CRL) is pleased provide an update on ongoing test work on natural flake graphite from its Springdale Graphite Project (Springdale) located in Western Australia. Both excellent grade and recoveries were achieved on initial tests, leading to commencement of work to produce a bulk sample for further testing. Importantly, the graphite concentrates previously produced demonstrated a unique and potentially very valuable characteristic in its small size distribution, with two-thirds of the product passing the 38 µm size fraction screen. Generally, this small size fraction of graphite is a by-product of processing of larger flake fractions, which produces smaller size graphite, but in doing so also damages the smaller flake material in the process, reducing their performance and value. Deposits that contain high quality ultra-fine graphite are uncommon and are potentially suitable for supplying the expanding battery anode market, which continues to grow as the sales of electric vehicles (EVs) increase. Graphite suitable for battery anode production also achieves premium pricing in graphite markets, making it a highly sought-after product.

Keep reading... Show less

Medallion Completes Diagnostic Testing with Australian Nuclear Science and Technology Organization

Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) “Medallion” or the “Company”) announces completion of a suite of diagnostic test work at the Australian Nuclear Science and Technology Organization (ANSTO) in Sydney, to extract rare earth elements (REE) from mineral sand monazite. The monazite was sourced from an Australian mineral sand mine. Discussion is ongoing with additional prospective suppliers.

Mineral sand monazite is an abundant REE-rich feedstock, that can be accessed as a by-product from global mineral-sand mines that target zirconium and titanium, without the need for additional mining. Medallion’s business model is centered on the Medallion Monazite Process , a transferable and scalable technology designed to accept multiple mineral-sand monazite feedstocks and extract high-value REEs with high efficiency, high recovery and zero liquid waste.

Keep reading... Show less

Top News

Related News