The latest update is out from Rio Tinto ( (GB:RIO) ).
Rio Tinto has announced a $1.8 billion investment to extend the Brockman Syncline 1 mine in Western Australia’s Pilbara region, securing the future of its Brockman hub. This development, which has received necessary governmental and traditional owner approvals, will create approximately 1,000 construction jobs and sustain 600 operational roles, enhancing the company’s iron ore production capacity and supporting the Australian economy.
More about Rio Tinto
Rio Tinto is a leading global mining group primarily focused on the extraction and production of minerals, including iron ore, aluminum, copper, and diamonds. The company operates in various regions worldwide, with a significant presence in Australia, particularly in the Pilbara region, where it has been mining iron ore for nearly six decades.
YTD Price Performance: 3.83%
Average Trading Volume: 2,829,195
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £81.99B
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