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Released February 18, 2020 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Global miner Rio Tinto (NYSE:RIO) (London, England) isn't content to maintain its status quo in mining and smelting production, and is pushing forward with several projects throughout the world. Industrial Info is tracking $25.7 billion in active Rio Tinto projects, including more than $9.8 billion worth in North America.
Click here for a breakdown of Rio Tinto's active projects by world region.
Among the company's major U.S. projects is the South Wall pushback and plant upgrades at its Kennecott copper operation in Utah. The project kicked off in 2016 and entails pushing back and deepening the South Wall at the 400,000-ton-per-day open pit mine to extend the mine life to 2027 and performing upgrades and revamps to extract an additional 700 million tons of ore. The project is expected to be completed in mid-2021.
But Rio Tinto isn't stopping there. Late last year, the company approved $1.5 billion in investment for a second phase of the project that will extend production of its Kennecott operation to 2032. The project will allow mining to continue into a new area of the ore body and, according to Rio Tinto, is expected to deliver close to 1 million tons of refined copper between 2026 and 2032. The project will begin this year. For more information, see Industrial Info's project reports on Phase I and Phase II of the Kennecott South Wall pushback.
In Arizona, Rio Tinto is underway with a shaft rehabilitation/deepening project at its Resolution copper mine near Superior. The project will deepen the existing 4,832-foot #9 Shaft by more than 2,000 feet to link it to the nearby #10 Shaft. The project will provide a second egress and improve ventilation conditions and could help extend the facility into a 40-year operation. The project kicked off in 2017 and is expected to be completed in the first half of 2021. For more information, see Industrial Info's project report.
While primarily known as a miner, Rio Tinto also has a hand in aluminum smelting operations and in Sept-Iles, Quebec, is underway with a major modernization of a smelter. Among other things, the project will help lower the carbon footprint of the smelter by converting the anode baking furnaces, which currently use fuel oil, to run on natural gas. In addition, the project will help integrate autonomous electric vehicles in place of the current diesel equipment. The project is expected to be completed in the summer of 2021. For more information, see Industrial Info's project report.
Rio Tinto is underway with a host of projects outside of North America. Among the largest of these is the construction of the grassroot Koodaideri above-ground iron ore mine and processing plant in Western Australia. The mine will produce 43 million tons per year of direct shipping ore over a 30-year lifespan. The project kicked off late last year and is expected to be completed in 2021. Worley (North Sydney, Australia) is providing engineering, procurement and construction (EPC) along with several contractors. For more information, see Industrial Info's project report.
Among Rio Tinto's largest projects is the Oyu Tolgoi copper and gold mine addition in Mongolia. Oyu Tolgoi is one of the largest known copper and gold deposits in the world. At the existing underground mine, a 95,000-ton-per-day block-cave underground mine will be developed, including 200 kilometers of lateral underground tunnels and five vertical mine shafts to expand mine capacity to 430,000 tons per year of copper and 495,000 ounces per year of gold. Worley also is providing EPC on this project, which is expected to wrap up in 2023. For more information, see Industrial Info's project report.
Rio Tinto expects capital expenditures of $7 billion this year, followed by a slight reduction to $6.5 billion in both 2021 and 2022.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Click here for a breakdown of Rio Tinto's active projects by world region.Among the company's major U.S. projects is the South Wall pushback and plant upgrades at its Kennecott copper operation in Utah. The project kicked off in 2016 and entails pushing back and deepening the South Wall at the 400,000-ton-per-day open pit mine to extend the mine life to 2027 and performing upgrades and revamps to extract an additional 700 million tons of ore. The project is expected to be completed in mid-2021.
But Rio Tinto isn't stopping there. Late last year, the company approved $1.5 billion in investment for a second phase of the project that will extend production of its Kennecott operation to 2032. The project will allow mining to continue into a new area of the ore body and, according to Rio Tinto, is expected to deliver close to 1 million tons of refined copper between 2026 and 2032. The project will begin this year. For more information, see Industrial Info's project reports on Phase I and Phase II of the Kennecott South Wall pushback.
In Arizona, Rio Tinto is underway with a shaft rehabilitation/deepening project at its Resolution copper mine near Superior. The project will deepen the existing 4,832-foot #9 Shaft by more than 2,000 feet to link it to the nearby #10 Shaft. The project will provide a second egress and improve ventilation conditions and could help extend the facility into a 40-year operation. The project kicked off in 2017 and is expected to be completed in the first half of 2021. For more information, see Industrial Info's project report.
While primarily known as a miner, Rio Tinto also has a hand in aluminum smelting operations and in Sept-Iles, Quebec, is underway with a major modernization of a smelter. Among other things, the project will help lower the carbon footprint of the smelter by converting the anode baking furnaces, which currently use fuel oil, to run on natural gas. In addition, the project will help integrate autonomous electric vehicles in place of the current diesel equipment. The project is expected to be completed in the summer of 2021. For more information, see Industrial Info's project report.
Rio Tinto is underway with a host of projects outside of North America. Among the largest of these is the construction of the grassroot Koodaideri above-ground iron ore mine and processing plant in Western Australia. The mine will produce 43 million tons per year of direct shipping ore over a 30-year lifespan. The project kicked off late last year and is expected to be completed in 2021. Worley (North Sydney, Australia) is providing engineering, procurement and construction (EPC) along with several contractors. For more information, see Industrial Info's project report.
Among Rio Tinto's largest projects is the Oyu Tolgoi copper and gold mine addition in Mongolia. Oyu Tolgoi is one of the largest known copper and gold deposits in the world. At the existing underground mine, a 95,000-ton-per-day block-cave underground mine will be developed, including 200 kilometers of lateral underground tunnels and five vertical mine shafts to expand mine capacity to 430,000 tons per year of copper and 495,000 ounces per year of gold. Worley also is providing EPC on this project, which is expected to wrap up in 2023. For more information, see Industrial Info's project report.
Rio Tinto expects capital expenditures of $7 billion this year, followed by a slight reduction to $6.5 billion in both 2021 and 2022.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
