News
19 February 2025

Mitsui joins Rio in Australia iron ore mine for $5.3bn

In:
Metals and Mining
Region:
Asia-Pacific

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.The company will take a 40% holding in the Rhodes Ridge site in Western Australia...

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