[miningmx.com] – RIO Tinto is studying the $500m expansion of Richards Bay Minerals (RBM) which produces one million tonnes a year of titanium dioxide feedstock, said BDLive citing Alan Davies, CEO of the Anglo-Australian group’s diamonds and minerals division.
“We’re in feasibility study now and it should be completed in coming quarters. If approved later this year, we’d expect it to start producing in 2017, allowing us to keep the Richards Bay smelters full and extend the mine life to 2034,” Davies said.
Rio Tinto has invested $1.8bn in RBM since September 2012, said BDLive. RBM is mining Zulti North at Richards Bay in KwaZulu-Natal and needs to replace the mine, which is approaching the end of its life, with Zulti South to keep the plants running at full capacity, it said.
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