Japan's largest global trading house Mitsui & Co. has announced that it will invest AU$1.25 billion for the expansion of iron ore export capacity at Cape Lambert (also known as Port Walcott), owned by its Robe River joint venture (JV) with Rio Tinto, in the Pilbara region of Western Australia.
Accordingly, the shipment capacity of Cape Lambert, which is used to ship iron ore produced at the Robe River JV, is to be increased from the current 80 million mt to 133 million mt of iron ore per year.
Completion of the expansion is scheduled by the end of the 2013 calendar year.
Mitsui & Co. owns 33 percent in the Robe River JV, while Rio Tinto holds 53 percent.