Once completed, the mine will have an annual capacity of 43 million tonnes, underpinning output of the Pilbara Blend, Rio Tinto’s flagship iron ore product.
The Toronto-based gold miner reported an adjusted net loss of $2.2m, or roughly $0 per share, falling short of analysts' expectations of $0.01 per share.
The new legislation goes further than ever before, looking at not only the domestic mineral resources but the supply chains that refine the raw materials for electric vehicles.