Koodaideri is a greenfield project we expect will commence production in 2020 and eventually produce 70Mtpa. It will be part of Rio Tinto's Hamersley group of operations. The project is yet to receive approval from Rio Tinto's board but we anticipate this will occur in the next 12 to 18 months. With a large amount smaller mines depleting over the coming decade, Koodaideri is a core component to Rio Tinto being able to maintain their long-term production levels. Without the mine, they will be forced to reduce their system capacity by almost 20%. With the operational and cost efficiencies Rio Tinto have been implementing since 2014, and Koodaideri's low strip ratio, we anticipate the project will be one of the lowest cost suppliers to the seaborne iron ore market.
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Asset report | May 2017
Hamersley - Koodaideri iron ore mine
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