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Sep. 03, 2015 The second phase of expansion of the iron ore export capacity and West Angelas mine expansion in the Robe River joint venture (hereinafter, “Robe J/V”) in Western Australia, an iron ore project jointly operated by Nippon Steel & Sumitomo Metal Corporation (Representative Director and President: Kosei Shindo; hereinafter, “NSSMC”) and Rio Tinto (Australia & UK), one of the world’s leading mineral resource companies, has been completed. As a result, the annual export capacity of Cape Lambert Port will increase to more than 200 million tons and the annual production capacity of West Angelas mine will increase to 35 million tons. Through the Robe J/V, NSSMC will continue its efforts to enable a stable supply and procurement of iron ore in the future. Robe J/V Outline 1. History: 1972 Robe River iron ore shipments commence 1977 Equity participation by former Nippon Steel and former Sumitomo Metal 2000 Rio Tinto acquires North Ltd., conducts equity participation 2002 West Angelas iron ore shipments commence 2009 Cape Lambert Port expansion (+23 million tons) 2010 Robe River mine Mesa A deposit iron ore shipments commence Cumulative total of Robe J/V iron ore shipments reaches 1 billion tons 2013 Completion of Cape Lambert Port expansion Phase 1 (+53 million tons) 2015 Completion of Cape Lambert Port expansion Phase 2 (+70 million tons) Completion of West Angelas mine expansion (+6 million tons) 2. Shares in the Robe JV: NSSMC: 14%, Rio Tinto: 53%, Mitsui & Co., Ltd.: 33% 
Nippon Steel & Sumitomo Metal Corporation press release |
