Tom Price is one of Rio Tinto's wholly owned Hamersley group of operations, located 5 kilometres south-west from the town Tom Price. It was Rio Tinto's first iron ore mine in the Pilbara and the second overall after Goldsworthy. Prior to the mine's development, it represented the second largest (after Mt Newman) known accumulation of high grade hematite in the Pilbara. Tom Price was developed in 1966 with a capacity of 28 Mtpa to supply Japanese steel mills. But is now approaching the end of its mine-life and we expect production of 5Mtpa.