Mitsui & Co Ltd: Mitsui and NSSMC to Invest in West Angelas Mine Expansion in Western Australia

  Mitsui & Co Ltd: Mitsui and NSSMC to Invest in West Angelas Mine Expansion
  in Western Australia

UK Regulatory Announcement

LONDON

This announcement is for our U.S. $5,000,000,000 Euro Medium Term Note
Programme.

Mitsui & Co., Ltd.

Nippon Steel & Sumitomo Metal Corporation

Mitsui & Co., Ltd. (“Mitsui”, head office: Chiyoda-ku, Tokyo; President & CEO:
Masami IIJIMA) and Nippon Steel & Sumitomo Metal Corporation (“NSSMC”, head
office: Chiyoda-ku, Tokyo; Chairman & CEO: Shoji MUNEOKA) are pleased to
announce that Robe River Iron Associates (“Robe River J/V”, Rio Tinto 53%,
Mitsui 33%, NSSMC 14%) has agreed to invest in the development of Deposit B
(“the Deposit”) in West Angelas mine and expansion of its production capacity,
owned by Robe River J/V in the Pilbara region of Western Australia.

The Deposit is expected to start production in January 2015. Upon completion,
total production capacity at West Angelas, from the Deposit together with
existing deposits, will be expanded from the current 29 million tons per annum
(“mtpa”) to 35 mtpa (“Mine Expansion”). Mine Expansion will increase Robe
River J/V nameplate capacity by 6 mtpa.

Total capital cost for Mine Expansion is estimated to be A$642 million (57.8
billion yen), of which Mitsui will invest A$212 million (19.1 billion yen) and
NSSMC will invest A$90 million (8.1 billion yen), in proportion with their
respective ownership interests.

Through Robe River J/V, Mitsui and NSSMC will continue their effort to enable
a stable supply and procurement of iron ore for which the global demand is
expected to further grow.

Map of Pilbara region

For inquires on this matter, please contact

Mitsui & Co., Ltd.
Investor Relations Division
Telephone; +81-3-3285-7910
Facsimile; +81-3-3285-9821

Mitsui & Co., Ltd.
Corporate Communications Division, Tomomi Taura
Telephone; +81-3-3285-6645
Facsimile; +81-3-3285-9819

Nippon Steel & Sumitomo Metal Corporation
Public Relations Center, General Administration Division
Telephone; +81-3-6867-2135
Facsimile; +81-3-6867-3597

For diagrams omitted, please see our home page.
(http://www.mitsui.com/jp/en/release/2014/1202110_5699.html)

Contact:

Mitsui & Co Ltd
 
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