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Rio Tinto (RIO) receives government approval for the $1.8B expansion of Australia's largest iron...

Rio Tinto (RIO) receives government approval for the $1.8B expansion of Australia's largest iron ore mine, boosting output capacity to 60M metric tons annually from 53M and extending the life of its Yandicoogina mine in the iron ore-rich Pilbara region. The full expansion likely will not affect production for three years. RIO -0.6% premarket.
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