Mining company Rio Tinto said Monday began producing iron ore from U.S. $ 901 million Mesa A / Warramboo mine in the Pilbara region of Western Australia.Open cut iron ore mine, about 50 miles west of Pannawonica, will have initial production of 20 million tons per year, which will increase to 25 million tons in 2011, said the miners.
Development Joint Venture Robe River mine, where Rio Tinto shares were 53%, and rail extensions started in November 2007. The mine will employ about 220 people, taken progressively from the existing workforce in Mesa J and new employees.
High-quality total reserves at Mesa A / Warramboo deposits estimated at 249 million tons, with a total of 11 years of my life. Will maintain the production of Robe Valley pisolite ore at 32 million tons per year as production from Mesa J deposit is reduced, the company said.
The first full-length train left the mine Friday night, driven by a train driver Shane Edwards of Cape Lambert, a local Aboriginal man, as requested by Kuruma and Marthudunera traditional owners.
According to Sam Walsh, chief executive of Rio Tinto's iron ore and Australia, "Mining in the Robe Valley has become an integral part of the north-west's economy for decades, and this will ensure I only continue to contribute to the broader interests of society. I am particularly pleased to note that the construction has been completed on time and within budget. "
RTP closed the regular trading day Friday at $ 213.30, down $ 2.49, or 1.15%, at 1:03 million shares.
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