Rio Tinto, China-Based JV Partner, Opens AU$2 Billion Iron Ore Mine in Western Australia

MT Newswires Live

2025/06/06

Rio Tinto (ASX:RIO), along with joint venture (JV) partner and steel manufacturer China Baowu Group, has opened an AU$2 billion iron ore mine in Western Australia, ahead of schedule and within budget, according to a Friday statement.

The company and China agreed to enter into a JV to develop the mine in September 2022.

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