Rio Tinto and partner China Baowu Steel Group have marked the milestone of 200 million tonnes of iron ore shipped by the pair’s Bao-HI Ranges joint venture.
The tonnage travelled from Western Australia’s Pilbara region to Chinese mill facilities. The 200 millionth tonne was mined from the Eastern Range and left Cape Lambert for Majishan, China, on September 19 aboard the Baosteel Li Da.
Rio Tinto also said it shipped its own three billionth tonne last month with a China destination – 47 years after making its first delivery from the Pilbara.
In 2019, Rio Tinto, China Baowu and Tsinghua University signed a Memorandum of Understanding (MoU) to develop and implement new methods to reduce carbon emissions and improve environmental performance across the steel value chain.
Rio Tinto and China Baowu own a respective 54% and 46% of the Bao-HI Ranges joint venture that was initially created in 2002.
Rio Tinto has been supplying iron ore to China Baowu for more than 40 years.