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bullish
Unpacking a $20b undeveloped mine deal
SUMMARY
- Huge deal with Mitsui purchasing a 40% stake in Roads Ridge for billions of dollars
- Decades-long negotiation process with owners of the asset culminating in the sale
- Roads Ridge is a massive iron ore deposit with potential for long-term production, standing out for its high quality iron content and low phosphorus levels in comparison to other mines in the region
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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