Rio Tinto to open new mine, despite iron ore's five-year price slump

By Peter Ker and Tess Ingram
Updated October 6 2014 - 10:13am, first published October 1 2014 - 1:00am
Rio Tinto is looking to grow in the Pilbara.
Rio Tinto is looking to grow in the Pilbara.

Rio Tinto is set to push ahead with a new mine expansion at its flagship Pilbara iron ore division in a show of defiance against sliding iron ore prices and the current supply glut.