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.
Typhoon Phanfone is gathering strength in the western Pacific Ocean, with projections showing that it may intensify significantly - likely to super typhoon status - before veering toward mainland Japan by Oct. 5. (mashable.com)
Fukuoka prefectural police continued cracking down on the Kudo-kai crime syndicate with the rearrests Oct. 1 of its two top leaders along with the arrests of seven other members in connection with the stabbing of a nurse. (Asahi)