Businesswire·2026-01-14 23:00Core Viewpoint - Rio Tinto and BHP have entered into non-binding MOUs to collaborate on extracting up to 200 million tonnes of iron ore from their adjacent Yandicoogina and Yandi operations in the Pilbara region, building on previous agreements to enhance productivity and resource utilization [1][2][3]. Group 1: Collaboration Details - The collaboration aims to leverage existing infrastructure to unlock additional production with minimal capital requirements, thereby extending the life of operations and creating value for local communities [2][3]. - The companies will conduct a conceptual study followed by an order of magnitude study, with the first ore expected to be produced early next decade, pending regulatory and joint venture approvals [3]. Group 2: Operational Synergies - BHP will supply ore from its Yandi Lower Channel Deposit to Rio Tinto for processing at its existing wet plants under agreed commercial terms, enhancing operational efficiency [4]. - The partnership is expected to create new value and benefits for stakeholders, including employees, partners, customers, and local communities [3].