Mitsui & Co. (8031.TO) said Wednesday it will invest about A$1.25 billion (Y100 billion) to boost iron ore export capacity at its joint venture in Western Australia.

The venture, called Robe River, is jointly owned by Rio Tinto Ltd. (RIO.AU), Mitsui and others.

The Tokyo trading house said the venture aims to expand iron ore export capacity to 133 million tons per annum from the current capacity of 80 million tons. Completion is scheduled for the end of 2013, Mitsui said.

-By Atsuko Fukase, Dow Jones Newswires; 813-6269-2792; atsuko.fukase@dowjones.com
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