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The additional US$790 million brings total investment funds approved in recent weeks to US$1 billion. The Pilbara 330 expansion centres on increasing the Rio Tinto's port at Cape Lambert from its current annual capacity of 80 million tonnes to 180 million tonnes by 2016. This will be achieved through construction of a new 1.8 kilometre jetty and four-berth wharf to run parallel to the existing jetty and four-berth wharf. Rio Tinto will spend US$200 million on dredging works for the Cape Lambert expansion, US$375 million will be allocated for marine works related to the construction of the new wharf, and US$415 million for the procurement of long lead items such as pile and marine structure and on-shore earthworks and machines. Early construction works are dependent upon a number of government and other approvals and a final investment decision is expected to be made by the end of this year.

Excerpt from: Rio Tinto (www. riotinto. com), 3 August 2010