Rio Tinto, Chinese partner open $2B Western Range iron ore mine in Australia

June 06, 2025 09:24 AM PDT | By EODHD

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Rio Tinto, Chinese partner open $2B Western Range iron ore mine in Australia — Image source: Kalkine Media

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[Iron Ore reclaimer machine and stockpile ] Dazman/E+ via Getty Images Rio Tinto (NYSE:RIO [https://seekingalpha.com/symbol/RIO]) and Chinese joint venture partner Baowu Group said Friday they have officially opened [https://seekingalpha.com/pr/20128738-rio-tinto-and-baowu-open-western-range-iron-ore-mine-in-the-pilbara-with-yinhawangka] the Western Range iron ore mine in Western Australia's Pilbara region, with the capacity to produce up to 25M metric tons/year of iron ore. The $2B project, which 54% owner Rio (NYSE:RIO [https://seekingalpha.com/symbol/RIO]) said was completed on time and on budget, involved building a primary crusher and 18-km conveyor system linked to the existing Paraburdoo processing plant; Baowu owns a 46% stake. Rio (RIO [https://seekingalpha.com/symbol/RIO]) said Western Range is its first project to feature a co-designed Social, Cultural and Heritage Management Plan with the Yinhawangka traditional owners, and has been designed to protect significant cultural and heritage values in the area. "The opening of the Western Range mine represents a shift in how our heritage is being recognised and respected," Yinhawangka Aboriginal Corporation Board Chairwoman Robyn Hayden said. "We acknowledge the work Rio Tinto has done to change how they engage with us, and the steps they’ve taken to build a stronger, more honest partnership." Earlier this week [https://seekingalpha.com/news/4454093-pkkp-and-rio-tinto-sign-co-management-agreement], Rio (RIO [https://seekingalpha.com/symbol/RIO]) entered into a co-management agreement with the Puutu Kunti Kurrama and Pinikura aboriginal people - nearly five years after the company destroyed sacred rock shelters at Juukan Gorge in the Pilbara - it said sets a precedent for heritage and social engagement in the mining sector.

MORE ON RIO TINTO * Rio Tinto: A Copper Growth Engine Poised For Big Returns [https://seekingalpha.com/article/4790571-rio-tinto-a-copper-growth-engine-poised-for-big-returns] * Rio Tinto's Hidden Catalysts For Long-Term Growth [https://seekingalpha.com/article/4787643-rio-tintos-hidden-catalysts-for-long-term-growth] * Rio Tinto vs. Vale: Inventory Doesn't Lie [https://seekingalpha.com/article/4778569-rio-tinto-vs-vale-inventory-doesnt-lie]

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