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    market news

    Rio Tinto’s US$338 million Silvergrass iron ore mine officially open

    Melissa Shaw
    Aug. 30, 2017 09:39AM PST
    Base Metals Investing

    Rio Tinto today officially opened its Silvergrass iron ore mine in Western Australia. The US$338 million project is the 16th mine at Rio Tinto’s world-class iron ore operations and will produce low-phosphorous ore crucial to maintaining Rio Tinto’s premium Pilbara Blend product. Rio Tinto chief executive J-S Jacques said: “Silvergrass is a great example of …

    Rio Tinto today officially opened its Silvergrass iron ore mine in Western Australia.
    The US$338 million project is the 16th mine at Rio Tinto’s world-class iron ore operations and will produce low-phosphorous ore crucial to maintaining Rio Tinto’s premium Pilbara Blend product.
    Rio Tinto chief executive J-S Jacques said:

    “Silvergrass is a great example of our value-over-volume approach in action as the mine will deliver the high-quality, low-cost ore used to maintain the world-class premium Pilbara Blend product our customers love so much.
    Silvergrass is a further demonstration of our long-standing commitment to the Pilbara region in Western Australia where we’ve invested more than US$20 billion over the past decade.”

    West Australian Premier Mark McGowan today led the formalities at a ceremony in the Pilbara to mark the opening, with full commissioning scheduled before the end of the year.
    Click here to read the full text release.

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