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Rio Tinto to Invest $2.15 Billion in Brazilian Iron Ore Mine Expansion, an Industrial Info News Alert

Posted on: Tuesday, 2 September 2008, 06:00 CDT

Researched by Industrial Info Resources (Sugar Land, Texas) -- Rio Tinto plc (NYSE:RTP) (London) recently approved a $2.15 billion investment in a major expansion of an iron ore mine in Corumba, Mato Grosso do Sul, in Brazil. The first phase of the project will boost the mine's annual capacity from 2 million tons per year to 12.8 million tons per year, with production commencing in the fourth quarter of 2010.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

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 Contact: Joe Govreau 713-783-5147  

SOURCE: Industrial Info Resources

Source: MARKET WIRE

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