Tag: Silvergrass

Rio Tinto Iron Ore: Centre Stage

Rio Tinto Iron Ore: Centre Stage

All images: Rio Tinto. BY ELIZABETH FABRI IRON ore continues to be a key driver for Rio Tinto, delivering more than 65 per cent of its underlying earnings in the first half of 2018. Now, with coal out of the picture, the miner has plans to grow its Pilbara business and – if the right opportunity presents itself – dip its toes in the battery metals space. Rio Tinto has shed almost $US5 billion in assets from its portfolio over the last year, letting go of its Kestrel, Hail Creek and Winchester South coal projects in QLD, as well as one of its European aluminium smelters; Dunkerque. It’s a new era for the dual-listed Anglo-Australian miner. Coal...

Rio Tinto: The Bottom Line

Rio Tinto: The Bottom Line

All images: Rio Tinto. BY ELIZABETH FABRI IT capped off a strong 2017 calendar year with $US8.8 billion in profit, but Rio Tinto is increasingly focussed on reputation and its social license to operate, both here and abroad. Rio Tinto is riding high on the back of a 90 per cent increase in net profit compared to 2016. It was a successful year on many fronts, with Rio Tinto’s iron ore division celebrating the opening of the $US338 million Silvergrass mine. Iron ore prices were also working in its favour, as China’s increased appetite for higher grade ore continues following the nation’s winter steel curtailment policy. However, like many of its peers, the company’s global ‘social...

RCR wins $120m Silvergrass contract

RCR wins $120m Silvergrass contract

Rio Tinto has awarded its first contract since announcing its $338m development of Silvergrass. By Cameron Drummond PERTH-based engineering company RCR Tomlinson was awarded a contract to deliver a primary crusher and conveyor system for Rio Tinto’s $338 million Silvergrass iron ore project in the Pilbara region of WA. The $120 million contract includes engineering, procurement and construction work of the crusher; nine kilometres of overland conveyor; and its associated 33kW power line. The conveyor system will be installed in place of a road haulage system linking the mine site to Rio’s processing facility at Nammuldi. Construction is expected to commence in the fourth quarter of 2016, following approval grants. RCR managing director Dr Paul Dalgleish said the contract award...