Recent news in the market report that,
Rio Tinto is planning to revamp its
iron ore divisons, namely Hamersley Iron and Robe River with the cost of A$5 billion ($3.9 billion), which may result in the merger of these two facilities.
Moreover, the company has recently signed an agreement with Japanese partners; Mitsui
Iron Ore Development, Sumitomo Metal Industries and Nippon Steel, in Robe River to share
iron ore infrastructure and services in Pilbara, West
Australia.