Rio Tinto idles pig iron plant, 11 mines
Dec 29, 2008 | 09:43 AM
| Mick Bowen
Rio Tinto has idled a pig iron plant in Kwinana, Western Australia, for at least three months and closed its 11 iron ore mines in the Pilbara region of the country for two weeks in an effort to cut production there by 10 percent before the end of the year, according to press reports.
The 130 to 150 employees at the company's HIsmelt plant will be given leave with full pay for three months, but Rio Tinto could bring the plant back online in March if pig iron prices rebound from the sharp fall seen during the past few months, reports said.....
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