Rio Tinto kicks off Rhodes Ridge early works
Rio Tinto has started early works at Rhodes Ridge in Western Australia’s Pilbara, a project often described as the region’s “last crown jewel”.
What Rio is doing now
The first phase includes a US$191 million feasibility study (reported as about A$294 million) to progress plans for a major new iron ore operation.
The target
Rio is aiming for the project to be producing around 40–50 million tonnes a year by 2030, subject to approvals.
The scale
Rhodes Ridge is estimated to hold about 6.8 billion tonnes of high-grade iron ore, making it one of the largest undeveloped iron ore deposits on the planet.
Why it matters
If it gets the green lights, Rhodes Ridge could help support Pilbara exports for decades, using Rio’s existing regional infrastructure as development ramps up.| ASX Mining News & Discussion