Rio Tinto operated Aussie mine has new Japanese shareholder
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Mitsui & Co is acquiring a 40% stake in the Rhodes Ridge iron ore project in Western Australia for $5.34 billion. The project is operated by Rio Tinto and is one of the largest untapped iron ore deposits globally.
February 19, 2025 | 8:30 am
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Rio Tinto's Rhodes Ridge project gains a new shareholder, Mitsui & Co, which is investing $5.34 billion for a 40% stake. This could enhance the project's development and value.
The acquisition by Mitsui & Co indicates a significant investment in the Rhodes Ridge project, which is operated by Rio Tinto. This could lead to enhanced development and increased value of the project, potentially boosting Rio Tinto's stock price.
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