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Rio Tinto continues mine expansion claiming it’s not all bad

Rio Tinto continues mine expansion claiming it’s not all bad

RIO Tinto has announced it will continue with its mine expansion plans in the Bowen Basin, in central Queensland, despite the global economic problems.

The miner says good management and staff have allowed Kestrel Mine expansion plans to go ahead which will save jobs.The company claims the mine hosts great potential and its certainly looking to move forward.

Rio says the fact the project is a go-ahead should help re-inspire confidence in the mining industry.

The mine is an underground longwall operation supplying world markets with premium quality high volatile coking coal as well as thermal coal.Kestrel Mine is jointly owned by Rio Tinto (80%) and Mitsui Kestrel Coal (20%).

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Bowen Basin, coking coal, Rio Tinto, thermal coal

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