Rio Tinto PLC
01 February 2007
Rio Tinto continues iron ore port expansions with Cape Lambert approval
Rio Tinto today announced a further expansion of its iron ore export capacity in
the Pilbara region of Western Australia. Nameplate annual capacity at Cape
Lambert port will be increased from 55 to 80 million tonnes for an investment of
US$860 million (Rio Tinto share US$456 million).
Following completion of the expansion scheduled for the fourth quarter of 2008,
Rio Tinto's mine, rail and port capacity in the Pilbara will be matched, and
capable of exporting 220 million tonnes per year.
The port at Cape Lambert is owned by Robe River Iron Associates and is operated
by Pilbara Iron, a subsidiary of Rio Tinto.
Rio Tinto Iron Ore chief executive Sam Walsh said, 'The Cape Lambert expansion,
our third recent port expansion, will allow Rio Tinto to continue to maximise
its production from the Pilbara, retaining its position as Australia's leading
iron ore producer and a major global player.'
Since 2003, Rio Tinto has completed the first stage of an upgrade to its Parker
Point port in Dampier which increased annual capacity from 74 to 116 million
tonnes. Work is continuing on the second stage at Parker Point, which by late
2007 will increase capacity at Dampier to 140 million tonnes a year.
A further US$130 million will be invested in sustaining and environmental
capital works at the Cape Lambert port to support the increased levels of
production.
The Cape Lambert upgrade brings Rio Tinto's expenditure in the Pilbara on
infrastructure projects and facilities development close to US$5 billion since
2003. These projects continue to be completed on time and within budget.
The Cape Lambert project is subject to relevant government approvals.
Note to Editors
Robe River Iron Associates is owned as follows: Rio Tinto 53 per cent, Mitsui
Iron Ore Development 33 per cent, Nippon Steel Australia 10.5 per cent and
Sumitomo Metal Australia 3.5 per cent.
For further information, please contact:
LONDON AUSTRALIA
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Nick Cobban Ian Head
Office: +44 (0) 20 8080 1305 Office: +61 (0) 3 9283 3620
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Christina Mills
Office: +44 (0) 20 8080 1306
Mobile: +44 (0) 7825 275 605
Investor Relations Investor Relations
Nigel Jones Dave Skinner
Office: +44 (0) 20 7753 2401 Office: +61 (0) 3 9283 3628
Mobile: +44 (0) 7917 227 365 Mobile: +61 (0) 408 335 309
David Ovington Susie Creswell
Office: +44 (0) 20 7753 2326 Office: +61 (0) 3 9283 3639
Mobile: +44 (0) 7920 010 978 Mobile: +61 (0) 418 933 792
Website: www.riotinto.com
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