Rio Tinto, Mitsui, Nippon Steel to invest $733 million in Pilbara iron ore project

Core Viewpoint - Rio Tinto announced an investment of $733 million to develop new iron ore deposits at the West Angelas hub in Western Australia, in collaboration with joint venture partners Mitsui and Nippon Steel Corp [1] Investment Details - The investment of $733 million will be utilized for the development of new iron ore deposits [1] - Joint venture partners involved in this investment include Mitsui and Nippon Steel Corp [1] Location and Project Scope - The project is located at the West Angelas hub in Western Australia [1] - The focus of the investment is on expanding iron ore production capabilities [1]