Rio Tinto mine delay

Company News


Rio Tinto Limited (ASX:RIO) has had its proposal to expand its mine near the Great Barrier Reef put on hold.

Environment Minister Tony Burke said new information had emerged relating to shipping activities in the Great Barrier Reef Marine Park.

The review will see Rio’s plans delayed for more than 12 months, according to The Australian.

Rio Tinto reported a full year net profit of $6.7 billion in fiscal 2011.
 


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