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MELBOURNE (Reuters) - Rio Tinto plans to raise output by 16% at its newest iron ore mine in Western Australia as it sets out step by step changes that will bring it back to record production levels as soon as 2025.
The world's biggest iron ore producer will increase production capacity at its Gudai-Darri mine in the Pilbara region of Western Australia by 7 million metric tons to 50 million tons a year at a cost of $70 million, it said on Wednesday.
It did not set a time frame but analysts expe...
>>> Read more: Rio Tinto flags return to record iron ore production
The world's biggest iron ore producer will increase production capacity at its Gudai-Darri mine in the Pilbara region of Western Australia by 7 million metric tons to 50 million tons a year at a cost of $70 million, it said on Wednesday.
It did not set a time frame but analysts expe...
>>> Read more: Rio Tinto flags return to record iron ore production
