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Rio Tinto Extends Life of Marandoo Iron Ore Mine

The Marandoo iron ore mine owned by Rio Tinto has seen developments which would possibly extend its life by another 16 years. The mining giant has now approved a $933 million investment in to the mine which will see its life span extended to 2030.

Rio Tinto said that the extension planned at Marandoo will play an important role in sustaining the annual capacity rate of the Pilbara operations. It will also go together with the other major extensions programs that are already in progress.

The planned extension at Marndoo will help it maintain its current 15 million tonnes of iron ore annual average production by developing some close by reserves located below the water table. A wet processing plant and other on site facilities such as an accommodation village and a construction camp will be part of the new construction activities thanks to the extension.

An additional mining fleet will be utilized in the extension project at Marandoo as well. Rio Tinto said that it had also approved another $277 million investment in the next phase of a project that will increase the Iron Ore Company of Canada’s iron concentrate production capacity by 40% to a figure of 26 million tonnes annually.

Joel Scanlon

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Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.

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