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Stock impact report

Japan Plugs A Gap Left By China In Australian Resources [Forbes]

Rio Tinto Plc (RIO) 
US:NYSE Investor Relations: riotinto.com/investors-87.aspx
Company Research Source: Forbes
investments in Australian resources which might previously have attracted Chinese companies. Mitsui's $5.3 billion acquisition last month of a 40% stake in a world-class but undeveloped iron ore project is the highlight of Japan's plunge into Australian resources ranking as the biggest investment ever made by Mitsui. Iron ore stockpiles at the Parker Point export loading facility in Western Australia. (Photo by ... More Aaron Bunch/Getty Images) Getty Images Mitsubishi, Sumitomo, and Sojitz have also been building on their exposure to Australian resources, especially in the fields of energy and critical metals. A long-term investor in Australian resources, Japan was crowded out for several years by China, but a trade dispute four years ago which s Read more
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