PT. Pelabuhan Indonesia II (Persero) (“IPC”), Mitsui & Co, Ltd. (“Mitsui”), Nippon Yusen Kabushiki Kaisha (“NYK Line”) and PSA International Pte Ltd (“PSA”) have agreed to jointly participate in the construction and operation of a new container terminal at Tanjung Priok Port, Jakarta, Indonesia. This new terminal will be developed and operated by the newly established project company PT New Priok Container Terminal One (“NPCT1”).
The Republic of Indonesia has in recent years experienced dramatic economic growth accompanied by a rapid increase in container traffic. Jakarta’s Tanjung Priok Port is the most important and largest port in Indonesia, handling the majority of Indonesia’s international container traffic. To support the vibrant trade, there is an immediate need to increase the port capacity and handling capability.

The new terminal will have an annual handling capacity of approximately 1.5 million twenty-foot equivalent units (“TEU”s) of containers, an overall berth length of 850 metres, and a 16-metre draft upon completion, allowing the terminal to accommodate the advanced mega container vessels plying the oceans today.

NPCT1 will also pursue the efficient reduction of emissions, and energy conservation and environmental protection activities as a “Green Terminal” by exploring the use of environmentally friendly facilities such as “cold ironing”.

Mitsui made an equity participation in the Singapore-based port development and management company Portek International Pte Ltd (“Portek International”) in September 2011, and together they have applied Portek International’s knowledge and expertise relating to port terminal modernization and efficiency improvement for the development of port terminal projects around the world, especially in emerging countries.

Participation in the construction and operation of the new container terminal at Jakarta’s Tanjung Priok Port will help Mitsui to benefit from the growth potential of high-growth economies in Southeast Asia and to expand its involvement in logistics infrastructure projects by accumulating knowledge and expertise that can be used in the development and management of projects.

PSA is humbled and honoured to have the opportunity to participate in the design, construction and operation of the New Priok Container Terminal One at Tanjong Priok port – its first project in the Republic of Indonesia. Together with its partners, Mitsui, NYK Line and IPC, PSA will leverage on its global expertise and experience in operating container terminals worldwide and in training skilled port professionals to develop NPCT1 into a world-class facility to support Indonesia’s growing economy and facilitate the expanding maritime trade.

The NYK Group will continue its efforts to improve its global container-terminal network and provide better service to customers by taking advantage of the “creative solutions” initiated in the group’s new medium-term management plan “More Than Shipping 2018 — Stage 2 Leveraged by Creative Solutions,” which runs from April 2014 for five years.

About PT Pelabuhan Indonesia II (IPC)

PT. Pelabuhan Indonesia II (Persero) or IPC is the largest port operator in Indonesia. IPC has the mission to continuously provide its customers with world class service. IPC has 12 port branches mainly located in the western part of Indonesia. This includes the ports of TanjungPriok, SundaKelapa, Palembang, TelukBayur, Banten, Bengkulu, Panjang, Cirebon, Jambi, PangkalBalam and TanjungPandan.

Furthermore, IPC has 16 subsidiaries which include PT. PelabuhanTanjungPriok, PT. Jakarta International Container Terminal, PT. PengembanganPelabuhan Indonesia, PT. Indonesia Kendaraan Terminal. PT. EnergiPelabuhan Indonesia, PT.

IntegrasiLogistikCiptaSolusi, PT. JasaPeralatanPelabuhan Indonesia, PT. Pengerukan Indonesia, PT. Electronic Data Interchange Indonesia, PT. Terminal Petikemas Indonesia, PT. PendidikanMaritimdanLogistik Indonesia, PT. IPC Terminal Petikemas, PT. RumahSakitPelabuhan, PT. Multi Terminal Indonesia, PT. Jasa Armada Indonesia, and TPK Koja.

About Mitsui & Co., Ltd. (Mitsui)

Mitsui & Co., Ltd. (“Mitsui”) is one of the most diversified and comprehensive trading, investment and service enterprises in the world, with 142 offices in 66 countries as of December 1, 2014. Utilizing our global operating locations, network and information resources, Mitsui is multilaterally pursuing business that ranges from product sales, worldwide logistics and financing, through to the development of major international infrastructure and other projects in the following fields: Iron & Steel Products, Mineral & Metal Resources, Infrastructure Projects, Integrated Transportation Systems, Chemicals, Energy, Food Resources, Food Products & Services, Consumer Services, Innovation & Corporate Development Business. Mitsui is actively taking on challenges for global business innovation around the world. For more information, visit http://www.mitsui.com

About Nippon Yusen Kabushiki Kaisha (NYK Line)

Nippon Yusen Kabushiki Kaisha is one of the world’s leading transportation companies. At the end of March 2014, the NYK Group was operating 876 major ocean vessels, as well as fleets of planes, and trucks. The company’s shipping fleet includes 387 bulk carriers, 119 car carriers, 99 containerships (including semi-containerships), 77 tankers, 48 wood-chip carriers, 67 LNG carriers, three cruise ships, and 76 other ships (including multipurpose and project cargo). NYK’s revenue in fiscal 2013 exceeded $22 billion, and as a group NYK employs about 55,600 people worldwide. NYK is based in Tokyo and has regional headquarters in London, New York, Singapore, Hong Kong, Shanghai, Sydney, and Sao Paulo.

About PSA International

PSA International is one of the leading global port groups. PSA participates in port projects across Asia, Europe and the Americas with flagship operations in PSA Singapore Terminals and PSA Antwerp. Employing the finest talents in the industry, PSA delivers reliable and best-in-class service to its customers and develops win-win relationships with its partners. As the port operator of choice in the world’s gateway hubs, PSA is “The World’s Port of Call”. Please visit us at www.internationalpsa.com

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Japanese Prime Minister Shinzo Abe and Australian Prime Minister Tony Abbott highlighted the strong relationship between the two nations during a visit to Rio Tinto’s world-class iron ore operations in Western Australia.

Rio Tinto chief executive Sam Walsh and Iron Ore chief executive Andrew Harding hosted the prime ministerial delegation, showcasing the operations and employees of the West Angelas mine in the Pilbara. Mr Roy Tommy, a respected elder from the local indigenous Yinhawangka People and a Rio Tinto employee, led a Welcome to Country for the delegation.

Mr Abe and Mr Abbott inspected Rio Tinto’s world-leading next-generation technology mining equipment, including an autonomous haul truck and drill which form part of the Mine of the Future programme.

The Pilbara tour formed part of Mr Abe’s four-day bilateral visit to Australia – the first by a Japanese Prime Minister since 2002 – and follows an invitation from Mr Walsh to visit Rio Tinto’s iron ore operations after a discussion in Tokyo last year about the long-standing ties between Rio Tinto and Japan.

Mr Walsh said “It is a great honour to have Prime Minister Abe and Prime Minister Abbott visit our operations in the Pilbara and to see first-hand the very best mining technology and our talented people, who are the backbone of our iron ore operations.

“Our iron ore business was born on the back of Japanese investment and we will never, ever forget this support. Japan is now one of Rio Tinto’s most important trading partners and our enduring relationship for almost half a century symbolises the strengthening economic and trade ties between Australia and Japan.

“Under our Mine of the Future programme we operate the most sophisticated mining technology in the world, with state-of-the-art equipment from Japan at the core.”

Mr Harding said “This visit builds on nearly 50 years of successful and long standing partnerships between Rio Tinto and our Japanese joint venture partners, suppliers, customers and friends. We are intent on continuing to build these relationships through our technology partnerships to deliver mutual benefits.

“We were pleased to show some of the equipment to Mr Abe and Mr Abbott and demonstrate why we are world leaders in mining technology and show how our highly skilled employees keep us at the forefront of production, technology and safety.”

In the Pilbara, Rio Tinto operates 15 mines, a 1600km rail network, four port terminals and two power stations, which are integrated through an operations centre in Perth, more than 1500km away.

Rio Tinto’s operations in Western Australia have reached a run rate of 290 million tonnes a year, with a low-cost expansion pathway in place to expand this to 360 million tonnes a year.

The West Angelas mine, south-east of Cape Lambert, is an open-pit mine with fly-in, fly-out employees. It is part of a joint venture between Rio Tinto (53 per cent), Mitsui (33 per cent), Nippon Steel & Sumitomo Metal Corporation (14 per cent). The mine produced 29 million tonnes of ore in 2013.

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Nippon Steel & Sumitomo Metal Corporation (“NSSMC”, head office: Chiyoda-ku, Tokyo; Chairman & CEO: Shoji MUNEOKA) and Mitsui & Co., Ltd. (“Mitsui”, head office: Chiyoda-ku, Tokyo; President & CEO: Masami IIJIMA) 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 NSSMC will invest A$90 million (8.1 billion yen) and Mitsui will invest A$212 million (19.1 billion yen), in proportion with their respective ownership interests.

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

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