- Rio Tinto and joint venture partners invest $1.55 billion into two projects in the Pilbara
- Projects expected to create about 1,200 jobs in the construction phase
- Investment decision is another positive sign for the WA economy
Premier Mark McGowan today welcomed the decision by Rio Tinto and partners to invest $1.55 billion into two projects in the Pilbara, expected to create about 1,200 jobs in the construction phase.
Rio Tinto, along with joint venture partners Mitsui and Nippon Steel & Sumitomo Metal, announced the investment to develop deposits at Robe Valley and the existing West Angelas operation.
Construction on both projects is expected to start next year, subject to government and environmental approvals, with first ore anticipated in 2021.
As noted by Premier Mark McGowan:
“This is a big announcement for Western Australia and yet another sign that confidence is returning to the State’s economy.
“I congratulate Rio Tinto on its investment into these projects, which will create about 1,200 WA jobs in the construction phase.
“It’s pleasing to see the State’s economy recover and new jobs being created, but we acknowledge that there is plenty more to be done.
“I’m committed to implementing our Plan for Jobs, to diversify the economy and create jobs for Western Australians.”