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Mitsui, Australia and Rhodes Ridge

GlobalData on MSN · 14h

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.

1d

The real reason for Mitsui Japan’s $8b iron ore grab

The acquisition of a 40 per cent stake in Rio Tinto’s untapped Rhodes Ridge project is Mitsui’s largest investment ever.

Business News1d

Rhodes Ridge deal rewrites Rich List

Mitsui's new stake in Rio Tinto's Rhodes Ridge iron ore project has unlocked $10 billion in wealth for the heirs of Peter ...

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, ...

20h

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 ...

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