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.
Mitsui to buy $5.3 billion stake in Rio Tinto iron ore project
Iron ore from Rhodes Ridge will be blended into ore sold by Rio Tinto and exported to Asian countries, including Japan.