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Chris Salisbury (left), Mark McGowan and David Joyce at Rio's press conference. Photo: Gabriel Oliveria.

$12bn to be spent on iron ore mines

Rio Tinto has approved a $3.5 billion investment to develop its Koodaideri iron ore mine in the Pilbara, lifting the total amount to be spent on new iron ore projects in Western Australia to $12 billion.

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Total Shareholder Return as at 31/10/16

1 year TSR5 year TSR
166thRio Tinto12%-1%
265thWestpac-2%13%
279thTelstra-4%21%
290thCommonwealth Bank-7%14%
376thWoolworths-19%-1%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

13/12/13
$0 Bought
13/12/13
$90k Sold
03/05/13
$1k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st↑Woolworths$61,149.4m
2nd-Rio Tinto$49,225.3m
5th-Commonwealth Bank$27,005.0m
6th-Telstra$26,607.0m
7th↑Westpac$21,642.0m
78 listed non wa companies ranked by revenue.
Source: Morningstar

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