Rio Tinto and Baowu form joint venture for Western Range iron ore project

Rio Tinto (54%) and China Baowu (46%) agreed to form a joint venture to develop the Western Range iron ore project in Pilbara, Western Australia, investing $2 billion. The project has an annual capacity of 25 million tonnes, with construction expected to begin in early 2023 and first production in 2025.

“Rio Tinto (54 per cent) and China Baowu Steel Group Co. Ltd (Baowu) (46 per cent) have agreed to enter into a joint venture with respect to the Western Range iron ore project in the Pilbara, Western Australia, investing $2 billion.”stocks.observer-reporter.com

• 1 source
• stocks.observer-reporter.comRio Tinto and Baowu agree to form joint venture to develop Western RangeRio TintoSep 13, 2022

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