Work to bring the Pilbara's largest known undeveloped iron ore deposit to life has begun, with a Rio Tinto-led consortium to spend $294 million to stand the project up.
Rio Tinto has named Matthew Holcz as the permanent chief executive of an expanded iron ore business, while senior executives Kellie Parker and Sinead Kaufman have lost their jobs.
Rio Tinto anticipates only a small increase in Pilbara iron ore production next year after candidly acknowledging the impact of slow environmental approvals and complex Indigenous engagement.