The world's largest iron ore producer, Rio Tinto, announced that it will invest USD 1.8 billion to develop the Brockman Syncline 1 iron ore project in the Pilbara region of Western Australia. The company said the project has received the necessary approvals from both state and federal governments and aims to start first ore production by 2027.
The investment demonstrates Rio Tinto's continued strong commitment to its iron ore operations in the Pilbara region, despite its shift towards renewable energy and strategic metals such as copper.
Brockman Center's Life Extension
Rio Tinto Iron Ore Chief Executive Officer Simon Trott stated that the Brockman 4 mine produced 43 million tons of iron ore in 2024, “Securing this project extends the life of the Brockman center.”
The company said Brockman Syncline 1 (BS1) includes the Brockman 4 and Greater Nammuldi sites with a combined annual capacity of about 130 million tons.
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