Rio Tinto ships 4 billion tonnes of iron ore to China
July 18 2024 - 11:00PM
Business Wire
Rio Tinto today celebrates the shipment of 4 billion tonnes of
iron ore from the Pilbara in Western Australia to China.
The shipment was loaded at Dampier Port on 19th July, bound for
China Baowu Steel Group, the world’s top steel producer. This
milestone comes 51 years after the first shipment of almost 22,000
tonnes of Pilbara iron ore was sent from Dampier Port to China's
Shanghai No.1 Steel Mill, which has since become part of China
Baowu.
Over more than half a century, China has grown to become Rio
Tinto’s largest customer with about 250 million tonnes of iron ore
shipped each year.
Four billion tonnes is enough iron ore to produce the steel
needed for about 45,000 Sydney Harbour Bridges, or more than 23,000
Beijing National Stadiums (Bird’s Nest).
Rio Tinto partnered with China for the country’s first ever
investment in a foreign mining project, and its largest ever
foreign investment at the time, by forming the Channar joint
venture in 1987. That JV in Western Australia laid the foundation
for many projects to follow, and for decades of mutual growth and
prosperity between Rio Tinto, China and Australia.
Western Range, Rio Tinto’s newest mine, is the latest joint
venture partnership with China Baowu. Production from the mine is
expected to commence in 2025, with an annual capacity of 25 million
tonnes of iron ore.
Rio Tinto Iron Ore chief executive Simon Trott said, “China has
been a critical partner for Rio Tinto and for Australia’s mining
industry for more than five decades.
“China’s strong demand for high-quality minerals such as iron
ore has generated substantial opportunities for investment and
trade between the two countries.
“Every time I visit China and see the skyscrapers, the
high-speed rail, and all the infrastructure that has helped improve
the lives of 1.4 billion people, it makes me proud to think that
most of what I see contains steel that was made with Rio Tinto iron
ore.
“We look forward to continuing our relationship with China well
into the future as we continue to deepen our strategic
partnership.”
Note to the editors
A selection of images showing shipments of Rio Tinto iron ore is
available for download here.
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