Rio Tinto to try producing low-carbon iron in Canada
It has partnered with German steel group SHS-Stahl-Holding-Saar and engineering group Paul Wurth for potential industrial scale low-carbon iron production in Canada.
New report says the underlying question for investors lies on the risk/reward balance — whether outstanding geology beats corruption and security issues.
The move comes less than two years after the Montreal-based firm decided to add exposure to the steelmaking raw material by grabbing a stake in the fellow Canadian iron ore company.