EX-99.6 7 ex06d19mr_rrjv.htm EX-99.6 Document

EXHIBIT 99.6
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Media Release

Rio Tinto notes Mitsui has agreed to join Rhodes Ridge Joint Venture
19 February 2025

PERTH, Australia--(BUSINESS WIRE)-- Rio Tinto notes that Mitsui & Co. has entered agreements to acquire a 40% interest in the Rhodes Ridge Joint Venture (RRJV) from Rio Tinto’s partners.

Mitsui & Co. has agreed to acquire all of VOC Group Limited’s (VOCG) 25% interestin the joint venture.

Separately, Mitsui & Co. has entered into a heads of agreement (HOA) to acquire a further 15% interest in the RRJV from AMB Holdings Pty Ltd1.

Both transactions are subject to regulatory approvals and other closing conditions.

Mitsui & Co. and Rio Tinto are long-standing partners at the Robe River Joint Venture2. Rio Tinto welcomes Mitsui & Co. to Rhodes Ridge and looks forward to progressing the project.

Rio Tinto's 50% interest in the RRJV and the terms of the joint venture arrangements are unchanged.

Under the HOA, AMB Holdings Pty Ltd would retain a 10% stake in the RRJV.

A pre-feasibility study to progress the development of Rhodes Ridge is expected to be completed this year, with a feasibility study to follow. The development would use Rio Tinto’s rail, port and power infrastructure.

First ore from Rhodes Ridge is expected by 2030.

Footnotes
Wright Prospecting Pty Ltd's former 50% interest in the RRJV has been restructured and separated into two newly formed entities separately controlled by its shareholders, VOCG and AMB. VOCG holds its 25% interest through an entity named Rhodes Ridge Mining (No 2) Pty Ltd and AMB holds its 25% interest through Rhodes Ridge Mining (No 1) Pty Ltd.
Operations began in the Robe Valley, near Pannawonica, in 1972. Rio Tinto is the majority owner (53%), with partners Mitsui Iron Ore Development (33%) and Nippon Steel (14%).




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This announcement is authorised for release to the market by Andy Hodges, Rio Tinto’s Group Company Secretary.

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