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Rio Tinto share price slides despite new $3bn iron ore project

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Update time : 2022-09-14 22:17:36
  • Rio Tinto share price is falling along with the ASX 200 despite rising iron ore prices and a new $3bn JV partnership with its largest customer
  • Rio Tinto and Baowu will develop the Western Ranges project, which is estimated to hold 275m tonnes of iron ore
  • The parties have also signed a sales agreement where the Chinese steel mill can buy up to 126.5m tonnes of ore over 13 years at market prices 
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