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Rio Tinto approves $338m for Silvergrass mine development

Diversified mining major Rio Tinto is moving ahead with its final-phase plans to develop the Silvergrass mine, in Western Australia, with an incremental $338-million approved to complete the proposed project. The project, under the umbrella of Rio Tinto’s Pilbara iron-ore operation, remains a critical component of the company’s iron-ore portfolio, lowering overall unit costs and adding ten-million tonnes of capacity.