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Title
Expansion at Pilbara; Rio Tinto's board approves $1.2 billion worth of investment.
Abstract
The article reports on the decision of Rio Tinto's board of directors to approve a 1.2 billion investment for the expansion of iron ore capacity in Pilbara, Western Australia by 2013. According to Rio Tinto Iron Ore Chief Executive Sam Walsh, the investment will be for expansions at the Brockman 4 and Western Turner Syncline mines, west of Tom Price. The company also plans to increase the production at Nammuldi Mine by 2013.