Jul. 21 at 9:55 AM
$RIO
https://oilprice.com/Metals/Commodities/Australias-6-Trillion-Iron-Ore-Discovery-Set-to-Transform-Global-Markets.html#:~:text=Located%20in%20the%20Paraburdoo%20mining,billion%20(A
$124%20billion).
Reports of a
$6 trillion iron ore discovery in Western Australia's Pilbara region are linked to a joint venture between Rio Tinto and China Baowu Steel Group.
Specifically, Rio Tinto (54%) and China Baowu Steel Group (46%) have opened the Western Range mine as a joint venture in the Hamersley region, one of Australia's richest iron ore deposits.