Rio Tinto: discusses extending JV with China Baowu
(CercleFinance.com) - Global miner Rio Tinto said that it has agreed to discuss extending its iron ore joint venture with Chinese steel maker China Baowu in Western Australia's Pilbara region.
Rio Tinto said it has already started an initial feasibility study, which is expected to be completed by the end of 2019.
The Bao-HI joint venture's output exceeds 180 million tonnes since it was created in 2002.
Rio Tinto owns 54% of the project, with the remaining 46% being held by China Baowu.
China Baowu is Rio Tinto's largest Chinese customer.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Rio Tinto said it has already started an initial feasibility study, which is expected to be completed by the end of 2019.
The Bao-HI joint venture's output exceeds 180 million tonnes since it was created in 2002.
Rio Tinto owns 54% of the project, with the remaining 46% being held by China Baowu.
China Baowu is Rio Tinto's largest Chinese customer.
Copyright (c) 2018 CercleFinance.com. All rights reserved.