Speaking at an industry conference last week, Rio Tinto Limited's
(ASX:RIO) chief is reportedly cautious about expanding its iron ore production in Western Australia according to
The Australian today.
Mr Albanese said it will reconsider adding another 100 million tonnes to its production.
The Rio boss had told investors earlier this month that costs and fiscal regimes were becoming too challenging in Australia.
Rio Tinto generated a net profit of $6.7 billion the 2011 financial year.
