Rio Tinto and Hancock Prospecting to invest $1.6 billion to develop the Hope Downs 2 project in Western Australia’s Pilbara

Published on 08/07/2025 at 17:57 | businesswire.com

Rio Tinto and Hancock Prospecting will invest $1.61 billion (Rio Tinto share $0.8 billion) to develop the Hope Downs 2 iron ore project in Western Australia’s Pilbara region.

on 6 March 2025, Hope Downs 2, West Angelas and Greater Nammuldi.