Rio Tinto to Restart Iron Ore Program in Canada

A $US400 million project will be set up by RIO Tinto to expand the iron ore program in Canada, while the company reviews its Australian oeprations in the wake of the Rudd government’s resources super-profit tax.

Sam Walsh, chief executive iron ore of Rio Tinto, mentioned that their plan to restart the program expansion is due to the “attractiveness of investing in Canada.”We’ve got our projects on hold while we try to understand the ramifications of a 40 per cent increase in taxes.”

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