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Examples
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Further spending is expected to be approved over the next year to fund expansions to Rio's regional mines and warehousing facilities, the company said, with studies centered on the Brockman 4, Western Turner Syncline, and Nammuldi mines in the western Pilbara.
Rio Tinto Plans $3.1 Billion Iron Ore Expansion David Fickling 2010
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Rio's Pilbara operations have had $6 billion of fresh investment co mmitted to them since July, of which Rio Tinto accounts for $3.9 billion while its minority partners Sumitomo Corp.,
Rio Tinto Plans $3.1 Billion Iron Ore Expansion David Fickling 2010
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In the end, it was Rio's passionate pleas to finally include South America in the Olympic rotation that won out.
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"This is the largest mining project ever undertaken in Australia and highlights the quality of our growth options," said Sam Walsh, Rio's iron ore and Australia chief executive.
Rio Tinto Plans $3.1 Billion Iron Ore Expansion David Fickling 2010
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Rio's victory leaves Africa and Antarctica as the only continents that have never hosted an Olympics.
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Tokyo went out in the second round, leaving Madrid, which had the powerful backing of former IOC president Juan Antonio Samaranch, as the only challenge to Rio's historical opportunity.
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Chicago's planned venues are much less widespread than Rio's, reducing transportation hassles, and Rio's high crime rate poses a security concern.
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Rogge notes that having a Games so close on the heels of the World Cup could hamper Rio's ability to sell and activate Olympic sponsorships.
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Rio's relatively high crime rate was an omnipresent part of the discussion over Rio's candidature, and Rio's projected expenses were the highest among the four bid cities — at more than $14 billion — because of the amount of new venues and infrastructure needed.
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Religious conservatism might seem out of place in Brazil, known better for scantily clad dancers gyrating at Rio's annual Carnaval parades.
Brazil Vote's Winners: Evangelicals John Lyons 2010
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