RIO rio tinto limited
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News: RIO Rio, Mitsui and Nippon Steel & Sumitomo Metal to invest $1.6 bln in Australia iron ore...

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    01/10/18
    10:50
    Post #: 35945480

    Oct 1 (Reuters) - Rio Tinto and its joint venture partners, Mitsui & Co 8031.T and Nippon Steel & Sumitomo Metal 5401.T , will spend about $1.55 billion to sustain production capacity at two iron ore projects in Western Australia, the global miner said on Monday.

    Rio will invest $820 million in the projects that form part of the Robe River Joint Venture in the mineral rich Pilbara region, the Anglo-Australian miner said in a statement.

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