Image source: Getty Images Rio Tinto Ltd (ASX: RIO) shares are falling on Tuesday after iron ore weakness offset some interesting news. At the time of writing, the mining giant’s shares are down 0.6% to $127.72. What news was announced? Rio Tinto has announced plans to invest US$143 million (A$215 million) to develop a research and development facility in Western Australia. This is to further assess the effectiveness of its low-carbon ironmaking process, BioIron, to support decarbonising the global steel value chain. According to the release, the development of the BioIron Research and Development Facility in the Rockingham Strategic Industrial Area, south of Perth, follows successful tr
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