{"id":4723,"date":"2026-01-16T17:16:29","date_gmt":"2026-01-16T17:16:29","guid":{"rendered":"https:\/\/thecapitalharbor.com\/index.php\/2026\/01\/16\/mining-giants-bhp-and-rio-tinto-mark-iron-ore-collaboration\/"},"modified":"2026-01-16T17:16:29","modified_gmt":"2026-01-16T17:16:29","slug":"mining-giants-bhp-and-rio-tinto-mark-iron-ore-collaboration","status":"publish","type":"post","link":"https:\/\/thecapitalharbor.com\/index.php\/2026\/01\/16\/mining-giants-bhp-and-rio-tinto-mark-iron-ore-collaboration\/","title":{"rendered":"Mining Giants BHP and Rio Tinto Mark Iron Ore Collaboration"},"content":{"rendered":"<\/p>\n<p><strong>BHP (ASX:BHP,NYSE:BHP,LSE:BHP,OTCPL:BHPLF) and Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO,OTCPL:RTPPF) are collaborating to extract up to 200 million tonnes of iron ore under two non-binding Memoranda of Understanding (MOUs).<\/strong><\/p>\n<p>Mining and extraction will be performed at BHP\u2019s Yandi and Rio\u2019s Yandicoogina operations, which sit approximately 80 kilometres away from each other.<\/p>\n<p>\u201cThis is a clear example of productivity in action \u2013 unlocking new opportunities by making the most of our existing resources,\u201d said Tim Day,  BHP WA Iron Ore Asset president.<\/p>\n<p>\u201cTogether we will extend the life of these operations, create additional value, and further support Western Australian jobs and local communities,\u201d added Matthew Holcz, Rio&#8217;s Iron Ore chief executive.<\/p>\n<\/p>\n<p>Under the MOU, BHP will also supply its Yandi Lower Channel Deposit wet iron ore to Rio Tinto for processing at its existing wet plants under agreed commercial terms.<\/p>\n<p>The companies will also collaborate on the development of Rio Tinto\u2019s Wunbye deposit, which sits in the Yandicoogina project.<\/p>\n<p>BHP\u2019s Yandi is a part of an 85:15 joint venture between BHP, and Mitsui  (OTC Pink:MITSF) and Itochu  (TSE:8001).<\/p>\n<p>It holds a production record of 257 million tonnes of iron ore in 2023, which was described by BHP as \u201cenough to make steel for approximately 2,980 Sydney Harbour Bridges.\u201d<\/p>\n<p>Meanwhile, Yandicoogina is regarded as one of Rio\u2019s highest-producing iron ore mines, and among the first to operate a fleet of autonomous haul trucks and drills.<\/p>\n<p>\u201cThe operation produces Hamersley Iron Yandi (HIY) fines\u2014a product with low impurities that delivers a high-iron sinter\u2014used by customers across East Asia and Southern China in their steelmaking process,\u201d Rio wrote on its website.<\/p>\n<p>For this partnership, BHP and Rio decided to progress a conceptual study, then an order of magnitude study.<\/p>\n<p>Regulatory and joint venture approvals, along with engagement with traditional owners, will be required for any potential implementation.<\/p>\n<p>Subject to a final investment decision, first ore from both deposits is anticipated early next decade. <\/p>\n<p><em><\/em><strong>Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BHP (ASX:BHP,NYSE:BHP,LSE:BHP,OTCPL:BHPLF) and Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO,OTCPL:RTPPF) are collaborating to extract up to 200 million tonnes&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4724,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/thecapitalharbor.com\/index.php\/wp-json\/wp\/v2\/posts\/4723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thecapitalharbor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thecapitalharbor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thecapitalharbor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thecapitalharbor.com\/index.php\/wp-json\/wp\/v2\/comments?post=4723"}],"version-history":[{"count":0,"href":"https:\/\/thecapitalharbor.com\/index.php\/wp-json\/wp\/v2\/posts\/4723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thecapitalharbor.com\/index.php\/wp-json\/wp\/v2\/media\/4724"}],"wp:attachment":[{"href":"https:\/\/thecapitalharbor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thecapitalharbor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thecapitalharbor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}