View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
June 20, 2018

Rio Tinto to begin Koodaideri iron mine development next year

Rio Tinto has unveiled plans to commence development of the Koodaideri iron ore mine in the Pilbara region of Western Australia next year.

Rio Tinto has unveiled plans to commence development of the Koodaideri iron ore mine in the Pilbara region of Western Australia next year.

Free Report
img

Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

With a final decision on the mine scheduled to be made before the end of this year, the company aims to begin production in 2021.

Over the next three years, the company expects to spend around $2.2bn on replacement mines including initial spending on the Koodaideri, West Angelas and Robe Valley developments.

“It will be a new production hub, which will be a key feature for the Pilbara for many years to come.”

Rio Tinto iron ore chief executive Chris Salisbury said: “The Koodaideri orebody is 50km long and 5km wide. It will be a new production hub, which will be a key feature for the Pilbara for many years to come.”

A feasibility study on Koodaideri is under progress, with the project set to become the first mine to take full advantage of automation in trucking and drilling.

It is focused on the development of its automation and fully integrated system, with more than 4,500 mine-to-market productivity initiatives being pursued in the iron ore sector.

Currently, the company is operating 95 autonomous trucks and 11 autonomous drills.

The company intends to leverage the demand for the Pilbara Blend in the Chinese markets.

Salisbury added: “The steel industry in China has undergone a significant shift in recent times due to supply-side reforms and environmental policy improvements.

“We believe these reforms are structural and that our business is well positioned to take advantage of these changes due to robust demand for our high quality products, including the Pilbara Blend.”

Furthermore, Rio Tinto expects to implement its autonomous rail project, AutoHaul, by the end of the year.

Another key focus area is removing bottlenecks in rail and increasing flexibility, as the company aims to bring the rail and mine capacity in line with nameplate port capacity by the end of next year.

Additionally, the miner has outlined a drilling programme, which includes 700km of drilling scheduled at various operational hubs near existing mines, as well as exploration on new leases.

Related Companies

Free Report
img

Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Mining Technology