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Rio Tinto considers iron ore strategy shift

Peter Ker
Peter KerResources reporter
Updated

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Rio Tinto’s flagship iron ore division will consider its biggest product strategy change in 17 years as it juggles a generational shift at its Australian mines, new sources of ore from Africa, and steel mills’ desire to cut carbon emissions.

Rio announced it would launch a review of its “future product strategy” in iron ore, which could see the miner deprioritise the product that is the pricing benchmark for all Australian iron ore miners: Pilbara Blend.

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correction

This article has been updated to reflect a more recent estimate of when Rhodes Ridges will enter production. It is the end of the decade, not 2025.

Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/rio-tinto-considers-iron-ore-strategy-shift-20241015-p5kim9