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Rio Tinto invests in Silvergrass development

Rio Tinto will invest an incremental A$338 million (US$256 million) to complete the development of the Silvergrass mine in its Pilbara iron ore operations in Western Australia

Staff reporter
Silvergrass is a satellite deposit located adjacent to Rio Tinto’s Nammuldi mine

Silvergrass is a satellite deposit located adjacent to Rio Tinto’s Nammuldi mine

“The brownfield expansion of the high-grade Silvergrass mine offers attractive returns, with an expected internal rate of return for this investment well in excess of 100% and a pay back of less than three...

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