Rio Tinto notes Mitsui has agreed to join Rhodes Ridge Joint Venture
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Mitsui & Co. is set to acquire a 40% interest in the Rhodes Ridge Joint Venture from Rio Tinto's partners, VOC Group Limited and AMB Holdings Pty Ltd. The transactions are pending regulatory approvals.
February 19, 2025 | 3:45 am
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Rio Tinto's Rhodes Ridge Joint Venture sees Mitsui & Co. acquiring a 40% stake from Rio's partners, potentially impacting Rio's strategic interests in the venture.
The acquisition by Mitsui & Co. involves Rio Tinto's partners, not Rio Tinto directly. However, the change in partnership dynamics could affect Rio Tinto's strategic interests in the joint venture. The impact is neutral in the short term as the transactions are pending regulatory approvals.
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