Releases | Mitsui to Approve A$395 million spending for Robe River J/V port and rail expansion in Western Australia - MITSUI & CO., LTD.


Mitsui to Approve A$395 million spending for Robe River J/V port and rail expansion in Western Australia

Aug. 4, 2008

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Mitsui & Co., Ltd. ("Mitsui") announced today that it has approved A$395 million through its 100% subsidiary Mitsui Iron Ore Development Pty., Ltd. (MIOD) for early commencement of infrastructure work and acquisition of long-lead items for a further expansion of iron ore export capacity at Cape Lambert (also known as Port Walcott) and the associated rail network, owned by Robe River J/V (Rio Tinto 53%, Mitsui 33%, Nippon Steel 10.5%, Sumitomo Metals 3.5%) in Western Australia. The port at Cape Lambert is currently under construction to increase its nameplate capacity from 55 to 80 million tonnes per annum by the end of 2008. The early planning and acquisitions are for maintaining the time-to market schedule of a plan currently undergoing a pre-feasibility study to further increase export capacity to 180 million tonnes per annum. The early work involves significant infrastructure for the port operations, including the development of a new service of wharf facility, relocation of existing gas and power lines to enable commencement of stockyard work and the securing of production slots for dumper casting and slew bearings. It also includes the early procurement of rail sleepers. Completion of the total expansion is scheduled for the end of 2012.

This press release includes forward-looking statements about Mitsui. These forward-looking statements are based on the current assumptions and beliefs of Mitsui in light of the information currently available to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. The risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest annual report on Form 20-F, which has been filed with the U.S. Securities and Exchange Commission.
This press release is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.


For inquiries on this matter, please contact

Mitsui & Co., Ltd.
Investor Relations Division
Telephone: +81-3-3285-7910
Facsimile: +81-3-3285-9819
Mitsui & Co., Ltd.
Corporate Communications Division
Telephone: +81-3-3285-7618
Facsimile: +81-3-3285-9819