Rio Tinto Limited (ASX:RIO) will inject an extra $US833 million to expand its Pilbara iron ore operations.
The mining giant says the funds will be put to major power and fuel supply projects as part of its drive to boost iron ore output in Western Australia.
$US520 million will be used to upgrade Rio’s power and gas network and $US313 million will be used to fuel infrastructure facilities.
Rio is targeting to boost its iron ore production from 283 million tonnes per annum by 2013 to 333 million tonnes per annum by 2015.
Rio Tinto reported a record interim net profit of $7.5 billion in the first half of 2011.
