BHP and Rio Tinto Shares Slide on Iron Ore Weakness | ASX 200

Highlights ASX-listed mining leaders BHP and Rio Tinto retreat amid falling iron ore prices Weaker commodity prices dampen monthly performance for large-cap miners Ongoing global developments place attention on Chinese demand and economic support The …

Rio Tinto and Hancock Pledge US$1.6 Billion to Advance Hope Downs 2 Iron Ore Project

Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and privately owned Hancock Prospecting said on Tuesday (June 24) that they will invest US$1.6 billion to develop the Hope Downs 2 iron ore project in Pilbara, Western Australia. According to Rio Tinto, Hope Downs 2 has …

BHP’s WA iron ore chief Tim Day rebukes Andrew Forrest’s warning the Pilbara could soon be a ‘wasteland’

The boss of BHP’s Western Australian iron ore empire is firing back at people like Andrew Forrest painting a “negative picture” of the Pilbara, just weeks after the Fortescue founder said the State’s most resource-rich region is at risk of becoming a “ …

Iron ore eases on firm Australia supply outlook, China demand cushions fall

Singapore: Iron ore futures snapped a three-day rally on Tuesday amid strengthening supply outlook from top producer Australia, but resilient steel demand in China cushioned the fall. The most-traded September iron ore contract on China's Dalian …

Australia's biggest iron ore export hub scores busiest May on record

Rio Tinto Launches Ore Sorting Demonstration 

Rio Tinto is investing $5.6 million in an industrial demonstration project to assess the integration of an ore sorting technology at its Lac Tio mine located in Havre-Saint-Pierre. The Government of Quebec will contribute $1.8 million to this initiative …

Rio Tinto, Hancock in $1.6bn deal to develop Pilbara iron ore mine

The mine is expected to produce 31 million tonnes of ore a year. Hope Downs 2 will include two new pits and be incorporated into existing infrastructure, Rio said in a statement. All regulatory and environmental approvals were in place and the first ore …

Metso and BHP ink iron ore contract

(Image source: Metso) Metso has a significant service center footprint in Australia, including Karratha in WA, which is Metso’s largest service center globally. Metso has signed a three-year agreement for the supply of metallic liners for chute solutions …

Rio Tinto To Develop $1.6B Iron Ore Mine With Gina Rinehart’s Hancock Prospecting In Western Australia

The Hope Downs 2 project will combine Rio Tinto and Hancock Prospecting’s Hope Downs 2 and Bedded Hilltop deposits. Rio Tinto Inc. (RIO) said on Tuesday it will jointly develop a $1.6 billion iron ore project with Gina Rinehart’s Hancock Prospecting in …

Rio Tinto, Hancock to develop $2.5b iron ore project

Under the continued joint venture, the two companies will contribute half of the project's costs, consistent with Hope Downs 1, a four-pit Pilbara mine established in 2007 that will process ore from the new mine.