Rio Tinto, Japanese partners to inject $1.55B into Aussie iron ore projects
The company said the investment would enable it to sustain production of its Pilbara Blend brand of iron ore and its Robe Valley lump and fines products.
The FTSE 100 index rose 139 points to 6,037 points, the first time it has been above the 6,000 level in 17 months, with mining shares exceptionally high.
A court-ordered ban on iron ore production in India is helping to boost spot prices as well as providing global mining giants with extra supply opportunities
Concerted campaign by the mining industry in collusion with Western Australia's Burke government thwarted efforts to give Aboriginal communities a greater say and share in resource development