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Mitsui, Australia and Rhodes Ridge

GlobalData on MSN · 16h

Mitsui acquires 40% stake in Australia’s Rhodes Ridge project for $5.34bn

Japan-based trading company Mitsui & Co. has signed agreements to acquire a 40% interest in the Rio Tinto-operated Rhodes Ridge iron ore project in Western Australia for $5.34bn (Y800.51bn). The deal is expected to bolster Mitsui's iron ore production capacity and long-term earnings base.

Hosted on MSN · 2d

Mitsui to buy $5.3 billion interest in Australia's Rhodes Ridge iron ore project

Japanese trading house Mitsui said on Wednesday it would acquire a 40% interest in the Rhodes Ridge iron ore project in Australia for $5.34 billion. Rhodes Ridge, operated by Rio Tinto, is one of the world's largest undeveloped iron ore deposits with 6.

Mitsui will acquire a 40% stake in the Rhodes Ridge iron ore project in Australia.

Japan's Mitsui stated on Wednesday that it will acquire a 40% stake in Australia's Rhodes Ridge iron ore project for $5.34 billion. The Japanese trading giant said the project will be developed and operated by Rio Tinto, with production expected to begin in 2030.

21h

Iron ore hunger drove Japan’s monumental $8.4b Pilbara buy

Japanese firms have spent more than $10 billion on Australian iron ore and coal mines in the past six months as geopolitical ...

Rio Tinto operated Aussie mine has new Japanese shareholder

Japan’s Mitsui & Co is paying $5.34 billion for a 40% stake in the Rhodes Ridge iron ore project in Western Australia, ...

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