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

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 ...

(RTTNews) - Rio Tinto announced that Mitsui & Co. agreed to acquire a 40% interest in the Rhodes Ridge Joint Venture from Rio Tinto's partners.

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

PERTH, Australia, February 19, 2025--Rio Tinto notes that Mitsui & Co. has entered agreements to acquire a 40% interest in the Rhodes Ridge Joint Venture (RRJV) from Rio Tinto’s partners.

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.

The production is expected to start by 2030. After closing of the transactions, Rio Tinto (RIO) will hold 50% of the project, AMB will own 10% and Mitsui (MITSUY) will own remaining 40%.

Rio Tinto and Hancock Prospecting will invest $1.61 billion (Rio Tinto share $0.8 billion) to develop the Hope Downs 2 iron ore project in Western Australia’ ...

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

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.