Rio Tinto to Jointly Invest $733M in West Angelas Sustaining Project
Rio Tinto(US:RIO) ZACKSยท2025-10-07 17:30Key Takeaways Rio Tinto, Mitsui and Nippon Steel will jointly invest $733M in the West Angelas Sustaining Project.The project extends the West Angelas hub's 35M-ton annual capacity and mining life.Rio Tinto plans $13B in mine and plant investments in 2025-2027, reinforcing its Australian iron ore focus.Rio Tinto Group (RIO) announced that it will jointly invest to develop the West Angelas Sustaining Project as part of its Robe River Joint Venture with Mitsui & Co. (MITSY) and Nippon Steel. This move showcas ...