Rio Tinto on Monday signalled it was pushing ahead with its expansion plans in iron ore while it awaits competition authority clearance to form a partnership with rival BHP Billiton in Australia. The world no. 2 producer of the steel making raw material said it had approved $1.6 billion to expand its Hopes Downs iron ore mine project in Australia with a local partner.
See http://af.reuters.com/article/metalsNews/idAFSGE67T0CE20100830?sp=true.