The British-Australian mining concern Rio Tinto is investing $1.8 billion in the development of the Brockman Syncline1 (BS1) project, located near the operating Brockman 4 mine in Western Australia. This is stated in the company’s announcement.
The project has now received all the necessary permits from the state and federal governments and was developed in consultation with traditional owners.
BS1 is a large-scale investment in the Brockman region. First ore from the mine is scheduled for 2027 (previously expected to be in 2028).
The project is starting this year and includes the installation of a new primary crusher and an overland conveyor, as well as a section of non-industrial infrastructure.
According to Rio Tinto Iron Ore CEO Simon Trott, Brockman 4 produced 43 million tons of iron ore last year. The company forecasts that BS1 will produce 34 million tons of this raw material per year. The project extends the life of the Brockman unit.
