# Mitsui to acquire 40% stake in Rhodes Ridge Joint Venture from Rio Tinto's partners

Mitsui & Co. has agreed to acquire a 40% interest in the Rhodes Ridge Joint Venture from VOC Group Limited and AMB Holdings Pty Ltd. The transactions are subject to regulatory approvals. Rio Tinto retains its 50% interest.

- Type: Acquisition
- Announced: 2025-02-19
- Where: Rhodes Ridge, Western Australia, Australia
- Status: announced
- Products: iron ore
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Rio Tinto](https://endata.com/companies/4215.md) (partner)
- [AMB](https://endata.com/companies/5209.md) (target)
- [Mitsui & Co.](https://endata.com/companies/10710.md) (acquirer)
- [VOC Group Limited](https://endata.com/companies/83036.md) (target)

## Sources

- [riotinto.com](https://www.riotinto.com/en/news/releases/2025/rio-tinto-notes-mitsui-has-agreed-to-join-rhodes-ridge-joint-venture), 2025-02-19: "Rio Tinto notes that Mitsui & Co. has entered agreements to acquire a 40% interest in the Rhodes Ridge Joint Venture from Rio Tinto's partners."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.