Rio tinto notes mitsui has agreed to join rhodes ridge joint venture

Perth, australia--(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 regulatory approvals.
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