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Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) is pleased to announce that Robe River Iron Associates("Robe River JV", Rio Tinto 53%, Mitsui 33%, Nippon Steel & Sumitomo Metal Corporation ("NSSMC") 14%) has completed the second phase of expansion at Cape Lambert as per the original plan, which will bring its iron ore export capacity to more than 200 million tons per year. Prior to this, Robe River JV completed the development of Deposit B and expansion at its West Angelas mine, increasing the nameplate capacity from 29 million tons per annum ("mtpa") to 35 mtpa.
Mitsui, through Robe River J/V, will work to respond to global iron ore demand, which is expected to increase over the medium to long term.
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement 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.