$3.7bn Rio Tinto investments excellent news …

Western Australia Premier Colin Barnett has welcomed a multibillion-dollar investment by mining giant Rio Tinto to expand its iron-ore operations in the Pilbara region.Rio would spend $3.7-million to expand its Pilbara production to 353-million tons a year by the first half of 2015, and a further $2-billion over the next four years to expand its port and rail infrastructure, including an additional two berths on the new Cape Lambert jetty and wharf.
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