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MITSY Mitsui & Company, Ltd. - Ads Each Representing 20 Shares of Common Stock (MM)

345.44
0.00 (0.00%)
20 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Mitsui & Company, Ltd. - Ads Each Representing 20 Shares of Common Stock (MM) NASDAQ:MITSY NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 345.44 0 01:00:00

Mitsui & Co: To Invest Extra $340Mln In Australian Iron Ore JV With BHP Billiton

30/03/2011 8:26am

Dow Jones News


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Mitsui & Co Ltd. (8031.TO) said Wednesday it has decided to invest an additional $340 million, or Y27 billion, to boost the iron ore production capacity at its joint venture with BHP Billiton Ltd. (BHP) in Australia.

The Tokyo-based company said the joint venture with BHP Billiton and Japanese trading house Itochu Corp. (8001.TO) plans to boost capacity at its Yandi iron ore mine in western Australia. The joint venture will also build iron ore loading facilities at a port and develop another iron ore mine in the area.

-By Hiroyuki Kachi, Dow Jones Newswires; 813-6269-2789; Hiroyuki.Kachi@dowjones.com

 
 

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