Mitsui Joins Rio in Australia Iron Ore Mine

Mitsui to buy $5.3 billion stake in Rio Tinto iron ore project
Japanese trading house Mitsui & Co said on Wednesday it would acquire a 40% stake in the Rio Tinto-operated Rhodes Ridge iron ore project in Western Australia for $5.34 billion, to strengthen its long-term earnings base.
Mitsui Joins Rio in Australia Iron Ore Mine for $5.3 Billion
Japanese trading house Mitsui & Co. will buy a stake in an Australian iron ore project for $5.3 billion, in a bet that the global steel industry will need high-quality raw materials to support its push to go green.
King & Wood Mallesons, Clayton Utz Act on Mitsui's $5.34B Iron Ore Buy in Australia
King & Wood Mallesons is acting for Japanese conglomerate Mitsui & Co on its $5.34 billion purchase of an interest in the Rhodes Ridge Iron Ore Project in Australia. The deal marks the largest ever single investment for Mitsui, the company's president and chief executive officer, Kenichi Hori, said in a speech announcing the acquisition.
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.
Mitsui to invest $5.3 bil. in Australia iron ore project
Major Japanese trading house Mitsui & Co. says it will acquire a 40 percent stake in an iron ore project in Australia for 5.3 billion US dollars.
Mitsui to buy stake in Australian iron ore mine for $5.3 billion
The move is a bet that the global steel industry will need high-quality raw materials to support its push to go green.
Rio Tinto says Mitsui to acquire 40% stake in Rhodes Ridge JV
Rio Tinto (RIO) announced that Mitsui & Co. (MITSY) has entered agreements to acquire a 40% interest in the Rhodes Ridge Joint Venture from
Mitsui & Co. to Buy 40% Interest in Australia's Iron Ore Project for $5.34 Billion
Mitsui & Co. said it would acquire a 40% interest in Rhodes Ridge iron ore project in Australia for $5.34 billion. The Japanese trading house said Wednesday that the Rhodes Ridge project will be developed and operated by Rio Tinto.
Mitsui to buy 40% stake in Australia's Rhodes Ridge iron ore project
Japan's Mitsui & Co. ( OTCPK:MITSY) to buy 40% interest in the Rio Tinto-operated ( NYSE: RIO) Rhodes Ridge iron ore project in Western Australia for $5.34B.
Rio Tinto Stock Slips As Mitsui Acquires 40% Stake In Australian Mining Project – Retail Remains Bullish
Rio Tinto PLC (RIO) shares fell as much as 2% in morning trade on Wednesday after Japan's Mitsui & Co. (MITSY) signed agreements to acquire a 40% interest in the Rhodes Ridge Joint Venture (RRJV), a major mining project in Australia,
Rio Tinto notes Mitsui has agreed to join Rhodes Ridge Joint Venture
Rio Tinto notes that Mitsui & Co. has entered agreements to acquire a 40% interest in the Rhodes Ridge Joint Venture (RRJV) ...
Seeking Alpha6d
MITSY Mitsui & Co., Ltd.
Mitsui & Co., Ltd. operates as an trading and investment company worldwide. The company engages in the manufacture and sale of steel products; steel processing, maintenance, and recycling ...
Inquirer on MSN3d
Patrizia, Mitsui invest $250M in ‘green’ parking lot startup
Local startup Parkwise Inc. received a capital infusion of $250 million from the joint venture of investors Patrizia and ...