REG - Rio Tinto - Investing $1.8b to develop Brockman mine extension

Rio TintoAnnouncement

06/03/2025 07:15

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RNS Number : 6150Z  Rio Tinto PLC  06 March 2025

Notice to
ASX/LSE

 

Rio Tinto to invest $1.8 billion to develop Brockman mine extension in Western
Australia's Pilbara

 

6 March 2025

 

 

Rio Tinto will invest $1.8 billion 1  to develop the Brockman Syncline 1 mine
project (BS1), extending the life of the Brockman region in the West Pilbara
of Western Australia and sustaining production from the company's world class
iron ore operations.

 

The project has now received all necessary State and Federal Government
approvals and has been developed in consultation with the Puutu Kunti Kurrama
and Pinikura (PKKP) Traditional Owners and the Muntulgura Guruma Traditional
Owners.

 

Rio Tinto Iron Ore Chief Executive Simon Trott said: "Brockman 4 produced 43
million tonnes of iron ore in 2024. Securing this project extends the life of
the Brockman hub. This is good for our business, good for Western Australia
and good for the Australian economy.

 

"Rio Tinto has been mining iron ore in the Pilbara for almost six decades and
our tranche of new mines will ensure we can continue to supply the globe's
ongoing need for iron ore, for decades to come."

 

BS1 is a large-scale investment within the Brockman region, which encompasses
Brockman 4 and Greater Nammuldi. It will have capacity to process up to 34
million tonnes per annum (Mtpa) of iron ore, leveraging existing plants.

 

First ore is now scheduled for 2027, having previously been anticipated in
2028.

 

Construction of the project begins this year and includes a new primary
crusher and overland conveyor, a Non-Process Infrastructure precinct and a
temporary camp for construction workers.

 

About 1,000 jobs will be created during construction and once operational, BS1
will sustain a workforce of about 600.

 

BS1 is one of a tranche of replacement projects, with total annual capacity of
~130Mtpa 2 , that underpin Rio Tinto's ongoing commitment to the Pilbara.

 

Western Range is more than 90% complete, with first production due in the
first half of 2025. The Hope Downs 1 and West Angelas sustaining projects are
progressing through approvals processes.

 

Additionally, work continues on the pre-feasibility study for Rhodes Ridge,
one of the world's largest and highest quality undeveloped iron ore deposits,
which is targeting an initial capacity of up to 40Mtpa and first ore by 2030.

 

 

Note to editors

 

BS1 is a satellite orebody mine development, located approximately 8
kilometres north of Brockman 4.

 

All figures are in US dollars unless otherwise specified.

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

 

 

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Media Relations,
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                                                        Jesse Riseborough

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 Investor Relations,     Investor Relations,
 United Kingdom          Australia

 
 

 Rachel Arellano         Tom Gallop

M: +44 7584 609 644

                       M +61 439 353 948

 David Ovington

                       Amar Jambaa
 M +44 7920 010 978

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 Laura Brooks

 M +44 7826 942 797

 Weiwei Hu

 M +44 7825 907 230

 Rio Tinto plc           Rio Tinto Limited

 
 

 6 St James's Square     Level 43, 120 Collins Street

 London SW1Y 4AD         Melbourne 3000

 United Kingdom          Australia

 T +44 20 7781 2000      T +61 3 9283 3333

 Registered in England   Registered in Australia

 No. 719885              ABN 96 004 458 404

This announcement is authorised for release to the market by Andy Hodges, Rio
Tinto's Group Company Secretary.

 

 

riotinto.com

 1  The capital for the project is already included in the Group's replacement
capital guidance.

 2  Subject to timing of full capacity. The replacement projects include
Western Range, West Angelas, Hope Downs 1, Greater Nammuldi and Brockman 4.

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