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Rio Tinto, Baowu in $2B iron ore deal

As part of the new contract production will come from Eastern Range while Western Range develops.

Karma Barndon
The parties first partnered to develop the Eastern Range deposits in the Hamersley Ranges.

The parties first partnered to develop the Eastern Range deposits in the Hamersley Ranges.

Rio Tinto will put $1.3 billion into the mine. The project includes a primary crusher and 18km conveyor system linking it to Rio Tinto's Paraburdoo processing plant. Construction should begin in...

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