Mitsui & Co to increase iron ore and metal resources interests

June 9, 2008

June 9th (Steel Guru) – JMB reported that Mitsui & Co’s mineral and metal resources unit will expand the iron ore interests to 1.5 times at annual 66 million tonnes in 2015 from now under the long term vision.

As per report Mitsui & Co’s mineral and metal resources will expands the iron ore and nickel interests through expansion of existing project while the unit increases aluminum and copper interests to more than double through new projects.

It plans JPY 160 billion of investment in fiscal 2008 ending March 2009 and keeps investing annual JPY 100 billion for the target.

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