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Rio plans $71 mln Hope Downs feasibility study

Sun Dec 23, 2007 4:48pm EST

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SYDNEY, Dec 24 (Reuters) - Rio Tinto Ltd (RIO.AX), which is battling a takeover approach from rival BHP Billiton Ltd (BHP.AX), said on Monday it has approved a feasibility study to expand the Hope Downs iron ore mine at an estimated cost of US$71 million.

The study will assess the possibility of increasing annual capacity to 320 million tonnes by 2012. ($1=A$1.15) (Reporting by Denny Thomas;)



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