# 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.

- Type: Investment
- Announced: 2022-09-13
- Where: Pilbara, Western Australia, Australia
- Value: $2.00B
- Jobs: 1,600
- Starts operating: 2025
- Status: announced
- Capacity: 25 million tonnes of iron ore per year
- Products: iron ore
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Rio Tinto](https://endata.com/companies/4215.md) (partner)
- [China Baowu Steel Group](https://endata.com/companies/37069.md) (partner)

## Sources

- [stocks.observer-reporter.com](https://stocks.observer-reporter.com/observerreporter/article/bizwire-2022-9-13-rio-tinto-and-baowu-agree-to-form-joint-venture-to-develop-western-range), 2022-09-13: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.