RIO News: Rio Tinto notes Mitsui has agreed to join Rhodes Ridge Joint Venture - 19th Feb 2025, 2:22pm

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PERTH, Australia, February 19, 2025--(BUSINESS WIRE)--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.

Mitsui & Co. has agreed to acquire all of VOC Group Limited’s (VOCG) 25% interest1 in the joint venture.

Separately, Mitsui & Co. has entered into a heads of agreement (HOA) to acquire a further 15% interest in the RRJV from AMB Holdings Pty Ltd1.

Both transactions are subject to r...

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