Mitsui Joins Rio in Australia Iron Ore Mine

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.
Rio Tinto sees steady earnings despite lower iron ore prices
Although Rio Tinto has been affected by lower iron ore demand from China, the world's second biggest miner managed to make robust progress on a number of projects in 2024. View on euronews
Aboriginal group seeks $1.1 billion from Western Australia in iron ore claim
An Aboriginal group is seeking A$1.8 billion ($1.1 billion) from Western Australia in compensation after the state government allowed Fortescue to mine for iron ore without a land use deal, court filings showed on Wednesday.
Australia’s Iron Ore Hub Reopens, Rio Mines Resume After Cyclone
Australia’s biggest iron ore port reopened and Rio Tinto Plc mines resumed operations after being spared any major damage from Tropical Cyclone Zelia. Most Read from BloombergProgressive Portland Plots a ComebackWhy American Mobility Ground to a HaltA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CitySpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayPort Hedland,
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. Rhodes Ridge is located in the Pilbara region of Western Australia where Mitsui (OTCPK:MITSY) has been involved in iron ore businesses since the 1960s.
Rich-listers’ $8.4bn payday with Rhodes Ridge iron ore deal
Reclusive billionaire Angela Bennett and the Wright family have landed an $8.4bn payday after selling sought-after stakes to Japan’s Mitsui in one of Western Australia’s top undeveloped iron ore deposits.
Rio Tinto provides iron ore update following Tropical Cyclone Zelia
Rio Tinto’s (RIO) port, rail and mine operations have resumed after Tropical Cyclone Zelia passed over Western Australia’s Pilbara region.
Severe cyclone makes landfall near Australia’s iron ore hub
Severe Tropical Cyclone Zelia is forecast by the Bureau of Meteorology to make landfall east of Port Hedland, the nation’s biggest iron ore export harbor.
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 & 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.
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,
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 ...
Mining3d
Iron ore price slides as cyclone-led supply fears ease in Australia
Western Australia's Port Hedland reopened on Saturday after Tropical Cyclone Zelia hit the state's Pilbara region.
Iron ore and lithium heavyweights escape major damage from Cyclone Zelia
Rio Tinto will be playing catch-up with its struggling iron ore operations for the rest of this year but has come through the ...
Reclusive iron ore magnates $8b richer after selling to Japan’s Mitsui
The Bennett and Wright families are the heirs to the fortune made by Peter Wright, the business partner of mining magnate ...