Rio Tinto to develop bonded area operations for blending iron ore at Dalian port
U.S. Rio Tinto to develop bonded area operations for blending iron ore at Dalian port. (Reuters) - Anglo-Australian miner Rio Tinto (RIO.AX) has signed a pact to jointly develop its first bonded area operations to blend iron ore in China's port of Dalian, the company said on Tuesday, as it moves to widen offerings for customers across Asia. The MoU with Dalian Port Co Ltd allows Rio Tinto to also use the Chinese port as a transhipment hub, the company said, adding that it could help better serve steel mills in North China. Dalian port has blended over 46 million tonnes of iron ore within its bonded area since 2016 when it first started the operation, the most among Chinese ports, as per the statement.