BHP sells iron ore mine stake to Japanese
news.com.au -- Jun 22
Mining giant BHP Billiton has sold a 15 per cent stake in a West Australian iron ore mine to two Japanese conglomerates for $US1.5 billion ($A1.64 billion).

ITOCHU Corporation is investing $US800 million ($A872.51 million) while Mitsui is stumping up $US700 million ($A763.44 million) in shares and loans in BHP's Jimblebar mine in the Pilbara region. ITOCHU will hold an eight per cent stake in the project while Mitsui will have a seven per cent interest.

Source: news.com.au
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