"Juukan Gorge's shelters [are] nine-times older than Stonehenge, 23-times older than the Colosseum and 75-times older than Machu Picchu," he posted on his official Twitter account. Rio Tinto will invest $1 billion to maintain its iron ore production capacity in Western Australia's Pilbara region to feed China's appetite for the raw material used to make steel. Rio Tinto knew of 46,000-year-old Pilbara site's significance 'as recently as March', traditional owners say By Cameron Myles Updated May 31, 2020 — 11.39am first published at 8.27am The miner is seeking government approval for construction to start in the first quarter of 2020. Rio Tinto to expand autonomous truck operations to fifth Pilbara mine site. Rio rebrands Pilbara mine RIO Tinto’s $2.6 billion Koodaideri iron ore mine in Western Australia’s Pilbara is to be referred to as Gudai-Darri after a request from Banjima traditional custodians to pronounce and spell the site in their language. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. The mining company later apologized. The investment in the WTS2 mine will help sustain the current workforce at Rio Tinto’s Greater Tom Price production hub. (1/3), After more than a week, why hasn't Morrison condemned this? 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The two contracts have an initial term of three years, with an option for a two-year extension. Rio Tinto is expanding its autonomous haul truck operations to a fifth site in Western Australia this month, increasing the group’s autonomous fleet at its world-class iron ore operations in the Pilbara to 100 trucks later this year. Fleetwood has won a $30 million camp expansion and upgrade contract from Rio Tinto for the Ti Tree Rail Camp in the Pilbara, Western Australia. The analysts still prefer Rio's major peer BHP because it mines a more diverse set of commodities and has a more "appealing valuation" but they concede the improved spot iron ore price can "appeal to investors.". Rio Tinto is set to commence construction on the Koodaideri iron ore project in Western Australia in 2019, with the company approving a $3.5 billion investment for the development of the Pilbara mine.. The company has proposed a 35 million tonnes per annum (Mtpa) mine based around its Koodaideri deposits, 110km west-north-west of Newman and 130km north-east of Tom Price. The Juukan Gorge cave, a 46,000-year-old sacred indigenous site in Australia, was blown up by Rio Tinto. The investment is included in Rio Tinto’s existing guidance for Pilbara replacement capital for 2020 to 2022. In 2014 we performed a large-scale exercise in the Juukan area to preserve significant cultural heritage artifacts, recovering approximately 7,000 objects," it added. Mining giant Rio Tinto announced a new chief executive Thursday, months after the previous boss resigned following the destruction of an ancient Australian Aboriginal heritage site. "This is a sustaining project for our Greater Tom Price region. SYDNEY: Mining giant Rio Tinto announced a new chief executive on Thursday (Dec 17), months after the previous boss resigned following the destruction of … The airport is expected to handle more than 600 workers a day at peak operating times and can accept a range of different aircraft including Boeing 737s, Airbus A320s, F100s and King Airs. All times are ET. But Rio's reliance on Chinese appetite for iron ore could prove problematic, the RBC analysts said. Rio Tinto sparked international outrage in May when it blew up the 46,000-year-old landmarks in the Pilbara region (pictured, people protesting outside … Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. "Deeply troubled" traditional owners in the western Pilbara have had their worst fears confirmed after Rio Tinto detonated explosives near culturally significant sites dating back more than 46,000 years. The facility can accept a range of different … Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. St Barbara eyes new growth strategy at Gwalia The miner said at its investor day on Monday it would mine its first tonnes from the project in 2021. The government has revised its thermal coal export estimates down by 9 million tonnes off the back of informal restrictions on coal trade with China. Rio rebrands Pilbara mine RIO Tinto’s $2.6 billion Koodaideri iron ore mine in Western Australia’s Pilbara is to be referred to as Gudai-Darri after a request from Banjima traditional custodians to pronounce and spell the site in their language. one of the world's largest mining companies and has vast operations in Australia "At Juukan, in partnership with the PKKP, we followed a heritage approval process for more than 10 years. Factset: FactSet Research Systems Inc.2018. Rio Tinto Iron Ore chief executive Chris Salisbury said most of the iron ore had been extracted from the existing pit, and this investment would be used to extract the raw material from the site's second mine, the Western Turner Syncline Phase 2 mine. I have spoken with the Traditional Owners affected by the mining blast. This does n't happen again, '' Hayes said Colosseum and 75-times older than Stonehenge, older... Rio Tinto 's intentions on May 15 mutually agreed '' arrangement since 2011 arrogance has all! 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