Mr. Graham inquires about Rio Tinto's iron ore processing obligations and potential government financial assistance. The government confirms Rio Tinto has processing obligations through two subsidiaries but denies any obligation for financial assistance.

AnsweredQoN 1021Legislative Assembly
Asked
26 February 2003
Portfolio
State Development

QuestionView source ↗

(1) Does Rio Tinto have any obligation to further process iron ore?
(2) If the answer to (1) is yes, what are those obligations?
(3) Do any of those obligations require the Government to provide financial assistance for the further processing of iron ore?

AnswerView source ↗

Answered
1 April 2003
Responded by
Minister for State Development
Response time
34 days
(1) Yes. (2) Under the umbrella of the Rio Tinto Group there are two companies with State Agreements Acts that have obligations for downstream processing of iron ore within Western Australia. They are: - Mount Bruce Mining Pty Limited has steel making obligations as per Clause 41A Iron Ore (Mount Bruce) Agreement Act 1972. - Hamersley Iron – Yandi Pty Limited has further processing obligations as per Clause 23 Iron Ore (Yandicoogina) Agreement Act 1996, which will be satisfied when Stage 2 of HIsmelt proceeds. (3) No.
(2) Under the umbrella of the Rio Tinto Group there are two companies with State Agreements Acts that have obligations for downstream processing of iron ore within Western Australia. They are: - Mount Bruce Mining Pty Limited has steel making obligations as per Clause 41A Iron Ore (Mount Bruce) Agreement Act 1972. - Hamersley Iron – Yandi Pty Limited has further processing obligations as per Clause 23 Iron Ore (Yandicoogina) Agreement Act 1996, which will be satisfied when Stage 2 of HIsmelt proceeds. (3) No.
(3) No.

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