Rio tinto progresses rhodes ridge to next study phase

Perth, australia--(business wire)--rio tinto has approved a $77 million (a$110 million) pre-feasibility study (pfs) to progress development of the rhodes ridge project, one of the world's best undeveloped iron ore deposits, in the east pilbara in western australia. the commencement of a pfs follows completion of an order of magnitude study that considered development of an operation with initial capacity of up to 40 million tonnes annually, subject to relevant approvals. the pfs is expected to.
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