Rio Tinto has announced investment of $230 million in the Australian Port of Dampier. This will be used to increase shiploading capacity and also upgrade the amount of iron ore brought in by rail.
Earlier, $91 million had been committed to boost capacity from 220mt (million tonnes) to 225mt by early 2011. In addition, surveys are under way to test the viability of upping capacity to 280mt by the end of the second half of 2013. In the slightly longer term, the target capacity is 330mt, which may well be place by 2015.
BC