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Rio Tinto to expand iron ore
17 June 2011: Rio Tinto, a
British-Australian, multinational mining and resources group to speed up its
$14.8 billion (approx.6, 586 crore) iron ore expansion project in Australia by
December 2011.
The company expects to expand its iron ore production by 50% to 333 million tpa
by the June 2015.Along with Rio Tinto other companies from Australian outback to
West Africa to South and North America are grumbling up in iron ore prodution
Source: Economic Times