BHP and Rio Tinto Collaborate on Iron Ore Mining in Pilbara Region

Rio Tinto and BHP have agreed to jointly mine up to 200 million tonnes of iron ore from their adjacent Yandicoogina and Yandi sites in Western Australia's Pilbara region. The collaboration is facilitated by non-binding memorandums of understanding and involves joint efforts at Rio Tinto's Wunbye deposit and the utilisation of BHP's Yandi Lower Channel Deposit ore. A final investment decision will determine the commencement of ore extraction, expected early next decade, subject to regulatory and joint venture approvals.