Rio Tinto Plan to Expend Kestrel Coal Mine to Fill China Demand

Rio Tinto and its joint venture plans to invest 991 million on extend its Kestrel Coal Mine in Queensland to fill China’s growing demand. This extension is intended to prolong the life of this mine and to raise its average output to 5.7 million. Rio Tinto own 80% of Kestrel’s shares and will offer 793 million$ for this extension. Rio Tinto invest more than 44 billion$ in 2007, including purchase Alcan, West Australia Iron Ore Item and Queensland YArwun Alumina Refiner.