CZR announced on 9 September 2025 that it had completed the sale of Robe Mesa project to North Mining Limited (an indirect wholly-owned subsidiary of Rio Tinto Limited), Robe River Mining Co Pty Ltd (an indirectly 60% owned subsidiary of Rio Tinto Limited and 40% owned by Mitsui Iron Ore Development) and Mitsui Iron Ore Development Pty Ltd (a wholly-owned subsidiary of Mitsui & Co Ltd) (together, the RRJV) for cash consideration of A$75 million.
At the RRJV level, ownership is held by three major mining and steel industry participants:
• Rio Tinto – 53%;
• Mitsui Iron Ore Development – 33%;
• Nippon Steel – 14%.
Prior to completion of the transaction, on 17 April 2025, a Release Deed was executed between Zanthus Resources Pty Ltd, ZanF Pty Ltd (Creasy Group) and Mr Mark Creasy, pursuant to which ZanF and Mr Mark Creasy waived all relevant rights under the Yarraloola Joint Venture Agreement that related to the Sale Agreement.

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