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Rio Tinto share price slides despite new $3bn iron ore project
Views : 124
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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