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BHP and Rio unite on Pilbara iron ore
BHP and Rio Tinto will collaborate on extracting iron ore from deposits straddling their adjacent Pilbara operations, marking an unusual alliance between Australia’s largest miners amid intensifying pressure from Chinese buyers and emerging global competition. The companies announced Thursday they would jointly mine up to 200 million tons of iron ore located on the boundaries of the neighbouring Yandicoogina and Yandi facilities, according to a report in the Financial Times. Initial production is anticipated early next decade, pending final investment approval. The agreement emerges as BHP remains engaged in ... (full story)
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- Jan 15, 2026 6:44am Posted byFundamental Analysis150
