Rio Tinto, Hancock Prospecting to develop $1.61 billion Hope Downs 2 project
- Posted on June 24, 2025
- By Yahoo News
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Rio Tinto, Hancock Prospecting to develop $1.61 billion Hope Downs 2 project
Hope Downs 2 project, containing the Hope Downs 2 and Bedded Hilltop deposits, is a joint venture between Rio and Hancock Prospecting with both parties holding equal stakes. The two iron ore pits will have a combined total annual production capacity of 31 million metric tons, Rio said in a statement.
