Rio Tinto (RIO AT) and BHP (BHP AT) have agreed to collaborate to extract up to 200mln tonnes of iron ore in the Pilbara

Rio Tinto and BHP's collaboration on extracting up to 200 million tonnes of iron ore in the Pilbara is significant as it indicates a strategic partnership aimed at enhancing operational efficiency in a key commodities sector.

Newsquawk StaffPublished 14 Jan 2026, 23:25 UTCOn the live feed at 23:05 UTC — 2 more headlines followed before this page went public

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23:17

Iran's Foreign Minister Araghchi says there have been many threats by US President Trump and others but we are in control, hopes tensions do not reach a high level; no plans to carry out executions against protestors

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Chinese officials have reached out to counterparts in Venezuela and the US to seek assurances regarding their loans to Venezuela, Bloomberg reports citing people familiar with the matter

23:05

Rio Tinto (RIO AT) and BHP (BHP AT) have agreed to collaborate to extract up to 200mln tonnes of iron ore in the Pilbara

23:02

[MARKET UPDATE] US equity futures open down (ES -6 points, NQ -21 points); T-Note futures -1 tick; WTI futures -USD 1.20/bbl; Spot XAU -USD 2/oz

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Context

This move may strengthen their competitive positioning in the iron ore market, potentially impacting supply dynamics and pricing. Watch for potential implications on operational costs and shareholder value, as well as the reaction from other players in the diversified metals and mining sector.

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