Rio Tinto have approved a $2.1 billion joint venture endeavour that will see the delivery of two high-grade iron ore projects in the Pilbara region of Western Australia.
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The $390 million Myalup-Wellington Water Project is on track with $190 million worth ($140m with a $50m loan) of Federal funding alongside private funding from local businesses.
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Rio Tinto has approved $3.5 billion AUD for their intelligent Koodaideri mine project in Western Australia, with the investment focused heavily on augmenting production, technology and innovation in the Pilbara.
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