On July 19th, Rio Tinto announced that its latest shipment of iron ore was sent from Pilbara, Western Australia, marking a total of 4 billion tons of iron ore being shipped to China. The ship's iron ore was loaded onto the ship at Dampier Port on July 19th and will be transported to China Baowu Iron and Steel Group Co., Ltd. (China Baowu). Xipo Iron Mine is Rio Tinto's latest developed mine and also the latest joint venture project with China Baowu. The mine is expected to be put into operation in 2025, with an annual production capacity of 25 million tons of iron ore.