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 company contracted to complete 10 bridges for Western Australia’s $1.12 billion NorthLink WA project is reportedly in financial trouble, with the Stage Two contract being terminated yesterday.
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The overall mining industry in WA boasted a direct employment figure of around 112,000 for the last financial year, with an industry sales increase of $10 billion compared to the previous year.
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