Mitsui will acquire a 40% stake in the Rhodes Ridge iron ore project in Australia.
- feb 21, 2025, at 11:08 am
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.
