Pilbara Iron

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Pilbara Iron is a wholly owned subsidiary of the multinational Rio Tinto Group, that manages assets for Hamersley Iron Pty Ltd, a wholly owned subsidiary of Rio Tinto, and Robe River Iron Associates, an unincorporated joint venture between Rio (53% and operator since 2000) and three Japanese steel companies Mitsui Iron Ore Development P/L (33%), Nippon Steel Australia P/L (10.5%) and Sumitomo Metal Australia P/L (3.5%)[1]. They are involved in the mining of iron ore, predominantly from the Pilbara region of Western Australia. In 2004, Rio Tinto announced that Robe and Hamersley would start merging operations under the new Pilbara Iron entity[2]. The concept had been tested by the formation of Pilbara Rail in 2001, which generated more than $16 million in savings. Pilbara Rail was folded into Pilbara Iron in 2005[3]. Each company continues to market products separately and retains ownership and profits from the underlying mines, as well as strategic development of their own mineral resources[4].

Contents

Current mine sites

Mine sites currently operating:

All iron ore mined at the sites is transported by one of the world's largest privately owned railroads to either the port of Dampier, Western Australia or Cape Lambert near Wickham, Western Australia. From there the ore is shipped across the world, with China and Japan the largest markets as of 2007[5]. Demand continues to be strong, with price increases and new infrastructure to raise production predicted for the next few years.[6][7][8]

Historical events

  • May 1967 - Hamersly Holdings Limited shares on the ASX
  • September 1973 - Hamersley Japan Limited incorporated
  • May 1974 - Hamersley Europe Pty. Limited incorporated

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