Rio Tinto Upgrades Managed Coal Reserves at Hail Creek Mine

Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) announced that it has upgraded the managed coal reserves for its Hail Creek coal mine in Queensland.

As quoted in the press release:

The update is based on a rigorous examination of the mine and operations planning for the Hail Creek project Western Margin including:

• Reprocessing of a primary coal stream to introduce an additional thermal coal product into the operations and marketing plan.
• Analysing a vast dataset gathered over decades including updates from recent prefeasibility study drilling.
• Transforming the strategic mine planning processes and tools used to estimate Ore Reserves.
• Adopting more efficient Mineral Resource estimation methods.

Click here for the full Rio Tinto (ASX:RIO) Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) press release