NEW YORK ( TheStreet) -- Rio Tinto ( RTP) is expanding two of its mines in Australia, yet another indication that a mining tax widely feared three months ago has all but evaporated in the wake of a political shakeup Down Under.Rio Tinto said this week that it will invest more than $800 million to expand its Argyle diamond mine in the state of Western Australia. It's also awaiting word on whether the state government of Queensland will approve the expansion of a bauxite coal mine, called Weipa, which would include the construction of a new port and two processing facilities.
Scott Eden. >To follow the writer on Twitter, go to http://twitter.com/ScottEden. >To submit a news tip, send an email to: firstname.lastname@example.org.