Rio Tinto, the world’s second-biggest iron ore producer, has postponed a $3 billion expansion to its Corumba iron ore mine in Brazil amid the global economic downturn. The $US2.15 billion ($A3.07 billion) expansion, flagged in July, would have increased the annual capacity of the mine from 2.4 million tonnes to 12.8 million tonnes from the fourth quarter of 2010.Full Story
About OODA Analyst
OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.