[SMM Iron & Steel] Rio Tinto Approves $473 Million Zulti South Project in South Africa

Published: Mar 3, 2026 13:38

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On March 3, 2026, Rio Tinto announced the lifting of the suspension on the Zulti South project at Richards Bay Minerals (RBM). The $473 million investment aims to sustain RBM's production capacity and extend the mine's life to 2050. Construction is scheduled to begin in Q1 2026, with initial commercial production expected by Q4 2028

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