Mitsui & Co: To Boost Iron Ore Shipment Capacity At Australia JV
22 December 2010 - 6:10PM
Dow Jones News
Mitsui & Co. (8031.TO) said Wednesday it will invest about
A$1.25 billion (Y100 billion) to boost iron ore export capacity at
its joint venture in Western Australia.
The venture, called Robe River, is jointly owned by Rio Tinto
Ltd. (RIO.AU), Mitsui and others.
The Tokyo trading house said the venture aims to expand iron ore
export capacity to 133 million tons per annum from the current
capacity of 80 million tons. Completion is scheduled for the end of
2013, Mitsui said.
-By Atsuko Fukase, Dow Jones Newswires; 813-6269-2792;
atsuko.fukase@dowjones.com
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