Mitsui, Rio Tinto and Rhodes Ridge

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.
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) from Rio Tinto’s partners.
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.
Rio Tinto to develop Rhodes Ridge with Mitsui
Rio Tinto has confirmed that Mitsui & Co. has entered agreements to acquire a 40 per cent interest in the Rhodes Ridge joint venture.
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 to Acquire $5.3 Billion Stake in Rio Tinto’s Australia Iron Ore Project
The Japanese trading house said that the Rhodes Ridge project will be developed and operated by Rio Tinto, which holds a 50% interest.
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,
The real reason for Mitsui Japan’s $8.4b 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.
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