Stay updated with breaking news from Western Range. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
FinancialNewsMedia.com News Commentary PALM BEACH, Fla., Sept. 20, 2022 /PRNewswire/ -- Recently, there has been more focus on alternative energy sources and a revisited use of nuclear
Mining giant Rio Tinto (ASX: RIO) and China’s Baowu Steel Group have announced they will invest US$2 billion (A$3 billion) as part of a joint venture to develop the Western Range iron ore project in Western Australia’s Pilbara.
Global mining group Rio Tinto and China’s Baowu Steel have agreed to invest $2 billion in a new iron ore mine in Pilbara.
The joint venture between mining and metals giant Rio Tinto Group and State-owned China Baowu Steel Group to develop a new iron ore mine in Western Australia's Pilbara region will further meet the demand for iron ore in China, analysts said on Wednesday.
Rio Tinto (54 per cent) and China Baowu Steel Group (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 ($1.3 billion Rio Tinto share1) to develop the mine.