Mitsui to Invest 5.3 B. Dlrs in Aussie Iron Ore Project
Tokyo, Feb. 19 (Jiji Press)--Japan's Mitsui & Co. said Wednesday that it will acquire a 40 pct interest in an Australian iron ore project for 5,342 million U.S. dollars, one of the biggest investments by the trading house.
In the Rhodes Ridge project in the state of Western Australia, production is expected to start by 2030. Annual output is estimated at 40 million tons initially and 100 million tons or more later.
(2025/02/19-19:32)
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