Rio Tinto revamps its iron ore facilities

Rio Tinto revamps its iron ore facilities

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.