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Mitsui Plans $1.6B Expansion Of Aussie Iron Ore Venture

By Karlee Weinmann (September 25, 2012, 6:56 PM EDT) -- Mitsui & Co. Ltd. will pour AU$1.5 billion (US$1.6 billion) into its Australian iron ore port joint venture with Rio Tinto PLC, the Japanese trading company said Tuesday, in order to nearly double Cape Lambert's export capacity to 133 million tons per year....

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