7 days ago
Rio Tinto and China's Baowu open iron mine in Australia
SYDNEY -- Anglo-Australian resources giant Rio Tinto on Friday officially opened a joint-venture iron ore mine with China's Baowu Group in Pilbara, Australia's iron ore heartland.
The $2 billion project, Western Range, has the capacity to produce 25 million metric tons of the metal a year, or enough to sustain the area's Paraburdoo mining hub for up to 20 years.
