Mitsui completed the acquisition of a 40% in Rhodes Ridge iron ore project from Rio Tinto for $5.3bn.

Synopsis

Mitsui, a general trading company, completed the acquisition of a 40% in Rhodes Ridge iron ore project from Rio Tinto, a global mining group, for $5.3bn.

Principals

target

Rio Tinto (rhodes Ridge Iron Ore Project)

bidder

Mitsui & Co

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Market Context