Future of Rio Tinto’s Mount Thorley Warkworth Under Review After Court Decision

Reuters reported that Rio Tinto is mulling over the future of its Mount Thorley Warkworth mine in Australia, after a court rejected their request to expand it.

As quoted in the market report:

Rio Tinto said 1,300 jobs were now at risk after the New South Wales Land and Environment Court reversed a state government approval that would have extended activities at the Mount Thorley Warkworth mining complex by around 13 years to 2033. In May 2003 an approval was granted to extend mining only until 2020.

To view the whole Reuters report, click here.