Rio Tinto Restarts Expansion Project at Northparkes Mine

8 September 2009 (Last Updated September 8th, 2009 18:30)

Rio Tinto will restart the expansion project at its Northparkes copper and gold mine in New South Wales, Australia, Bloomberg reported. The cost of expansion, which includes a new underground mine, is estimated at A$78m, Northparkes mine general manager Craig Stegman said.

Rio Tinto will restart the expansion project at its Northparkes copper and gold mine in New South Wales, Australia, Bloomberg reported.

The cost of expansion, which includes a new underground mine, is estimated at A$78m, Northparkes mine general manager Craig Stegman said.

Rio suspended work in January because of the global financial downturn and a fall in copper prices, the news service said.

Rio Tinto has spent A$202m on the expansion work and full production from the underground mine is expected to begin in a year.