Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Kenichi Hori) announces that a final investment decision (“FID”) has been made for the development of the Ministers North iron ore deposit (“Ministers North”), which is being developed jointly with BHP and Itochu Corporation (“Itochu”, Head Office: Tokyo, President and COO: Keita Ishii). This announcement is an update to the previous release “Mitsui to Acquire Interest in the Ministers North Iron Ore Deposit in Australia” dated September 9, 2025.
Ministers North is located approximately 13 km south of the Yandi iron ore mine, in which Mitsui, BHP and Itochu participate and can be developed efficiently by utilizing existing infrastructure. Ministers North is expected to replace the future decline in production from the Yandi iron ore mine and will be developed as a cost-competitive iron ore project through…
