Rio eyes renewables in $1b mine expansion

Global mining giant Rio Tinto is looking at adding renewables and battery storage to its main mining sites, including the Tom Price iron ore operations in the Pilbara where it sending $1 billion to upgrade and extend the life of the massive project.

Renew Economy is reporting Rio Tinto is just the latest to look at the combination of wind, solar and batteries to reduce the crippling cost of energy sourced from gas and or diesel that is usually used in Australia’s mining operations.

Rio’s interest in looking at renewables was confirmed in its announcement that it has approved spending $1 billion to expand the capacity and mine life of the Tom Price operations in the Pilbara.

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