Robe River Joint Venture to Spend money on Development of New Deposits at West Angelas Mine in Western Australia | 2025 | Releases

Mitsui & Co., Ltd. (“Mitsui”, President and CEO: Kenichi Hori) has determined to put money into the event of three new deposits at West Angelas iron ore mine owned by Robe River Joint Venture (“Robe River J/V”), which is collectively owned by Mitsui, main useful resource firm Rio Tinto and Nippon Steel to keep up its manufacturing capability. The growth is predicted to price A$998million in complete (roughly 94.8billion yen), of which Mitsui will make investments A$329million (roughly 31.3billion yen). The mission has now acquired the most important mandatory approvals, and the primary manufacturing is scheduled to begin in 2027.

Robe River J/V started shipments in 1972 and has since performed a key position in stabilizing Mitsui’s long-term earnings base as one in all its core companies. The new deposits will preserve West Angelas’s annual manufacturing capability of 35million tons (of which Mitsui has roughly 12million tons) for years to return. This mission will leverage present amenities, railways and port infrastructure, minimizing growth prices sustaining the associated fee competitiveness of the present operations.

Global demand for crude metal is predicted to proceed rising, pushed by additional progress in Asia. Mitsui’s annual fairness share of iron ore manufacturing for FY March 2025 was roughly 62million tons. With the participation within the Rhodes Ridge iron ore mission, Mitsui goals to broaden its annual fairness manufacturing to greater than 100million tons sooner or later. The growth of latest deposits on the West Angelas iron ore mine types a part of Mitsui’s broader technique to additional strengthen the long-term earnings base of our core companies. Mitsui stays dedicated to contributing to the secure provide of important mineral and metallic sources for society.

Company Profile

Locations of iron ore mine owned by Robe River Joint Venture

West Angelas mine