In a significant move within the mining sector, King & Wood Mallesons is representing the Japanese conglomerate Mitsui & Co in its acquisition involving the Rhodes Ridge Iron Ore Project in Australia, valued at $5.34 billion. This transaction represents Mitsui’s largest single investment to date, underscoring the company’s focus on expanding its portfolio in the iron ore market. The seller in this deal is receiving advice from Herbert Smith Freehills, further highlighting the high-stakes nature of the acquisition.
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