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Rio Tinto approves $749 mln investment in Pilbara iron ore mine

Kitco News

Nov 27 (Reuters) - Rio Tinto Ltd said on Wednesday it had approved a $749 million investment in its Greater Tom Price operations to help sustain production capacity in its iron ore business in the Pilbara region of Western Australia. The Anglo-Australian miner said the investment in the Western Turner Syncline Phase 2 mine will facilitate mining of existing and new deposits and includes construction of a new crusher as well as a 13-kilometre conveyor.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Anil D'Silva)

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