Not exact matches
By: Robyn Wilkinson 22nd July 2016 Despite China's commitment to reducing its crude steel
production capacity, the iron -
ore market remains oversupplied and this is unlikely to change in the foreseeable future, says engineering consultant Core Consultants CEO Lara Smith.
Accelerated investment in ship - loading and rail
capacity has been undertaken over the past year to match expanding iron
ore production.
Rio Tinto will invest US$ 310 million to assure a sustainable water supply for its iron
ore operations in the Pilbara region of Western Australia, ensuring a sufficient resource to accommodate the expansion of annual
production capacity up to the planned 333 million tonnes (Mt / a).
• During the quarter, iron
ore production and shipping
capacity in the Pilbara increased by a further five million tonnes to 230 million tonnes per annum (Mt / a), following the completion of the second debottlenecking project at the Dampier port on time and on budget.