July 20, 2014

Marubeni increases its stake in the Roy Hill mine to 15 per cent

Japanese brands copyright peter hanami 2013
Picture:  Japanese brands

"Japan's Marubeni Corp boosted its stake in the $9.5 billion Roy Hill project to 15 percent....Marubeni, one of Japan's biggest trading houses bought out the 2.5 per cent stake...held by...STX Corp....Roy Hill involves a new mine capable of producing 55 million tonnes of iron ore a year"

Source: Japanese lift stake in Roy Hill
By Andrew Burrell
The Weekend Australian
July 20-21, 2013, page 34

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