Anglo-Australian mining group Rio Tinto on Thursday announced a 290 million US dollar expansion of its Hamersley iron ore operations in Western Australia.
With demand from China taking iron ore production to record levels in Australia, Rio Tinto said the expansion would increase Hamersley's capacity by 15 million tons a year.
"The additional capacity will ensure Hamersley is well positioned for the continued growth of the international iron ore market in the coming years," Rio Tinto Iron Ore chief executive Sam Walsh said.