Rio Tinto has announced US$230 million (A$242 million) of funding expand the capacity of Port Dampier by an additional five million tonnes per annum.
This expansion will take the port’s total capacity to 230 million tonnes per annum.
The company had already invested US$91 million (A$96 million) earlier this year to expand the port’s capacity to 225 million tonnes per annum.
“This investment will demonstrate our ability to bring incremental capacity on line at very low capital cost and without disrupting existing operations or schedules,” Rio Tinto Australia chief executive Sam Walsh said.
“Rio Tinto’s Parker Point facility at Dampier port is our single largest and busiest port operation.
“We will actively manage this incremental expansion to maintain production and expansion schedules, consistent with our record of orderly and timely delivery of additional iron ore supply.
“These additional tonnes will come from our existing west Pilbara operations at Nammuldi and Brockman 2, and without any additional investment in the mines.”