Rio Tinto sorry for loss of radioactive capsule in Australia
The loss of a small, but “highly radioactive” widget has triggered a radiation alert across parts of the vast state of Western Australia.
World no.2 iron ore miner Rio Tinto is investing $676 million to speed up its iron ore expansion by six months to capture demand as rival plans to boost production are impeded.
Rio said on Wednesday it expects to increase its capacity by 50 percent to 333 million tonnes a year by the first half of 2015.