Japanese trading house Mitsui & Co said on Wednesday it would acquire a 40% stake in the Rio Tinto-operated Rhodes Ridge iron ore project in Western Australia for $5.34 billion, to strengthen its ...

Rio Tinto (NYSE:RIO) has announced the appointment of Simon Trott as its new CEO, effective August 25, 2025. He will succeed ...

Under the agreements, Mitsui plans to acquire a 25% stake from VOC Group and another 15% from AMB Holdings, both of which are joint-venture partners of Rio Tinto in Australia. AMB will retain a 10 ...

Rio Tinto welcomes Mitsui & Co. to Rhodes Ridge and looks forward to progressing the project. Rio Tinto's 50% interest in the RRJV and the terms of the joint venture arrangements are unchanged. Under ...

Separately, Mitsui & Co. has entered into a heads of agreement to acquire a further 15% interest in the RRJV from AMB Holdings Pty Ltd. Mitsui & Co. and Rio Tinto are long-standing partners at the ...

Rio Tinto is on the hunt for a new chief executive with a flair for dealmaking, sparking discussions about its capacity for ...

Japan's Mitsui & Co. (OTCPK:MITSY) to buy 40% interest in the Rio Tinto-operated (NYSE:RIO) Rhodes Ridge iron ore project in Western Australia for $5.34B.Rhodes Ridge is located in the Pilbara ...

Rio Tinto Chair Dominic Barton wants a new CEO, who could be announced as soon as this month, to be open to large M&A deals ...

Rio Tinto has expressed a positive outlook on Mitsui & Co.'s entry into the project, emphasizing the strong partnership the two companies already share in the Robe River Joint Venture.

RIO's NeoSmelt venture wins ARENA backing for a pilot plant aiming to slash steelmaking emissions by up to 80%.