Arab Today, arab today bhp sells iron ore mine stake to japan for 15bn
Last Updated : GMT 12:19:39
Arab Today, arab today
Arab Today, arab today

BHP sells iron ore mine stake to Japan for $1.5bn

Arab Today, arab today

Arab Today, arab today BHP sells iron ore mine stake to Japan for $1.5bn

Sydney - AFP

The world\'s biggest miner BHP Billiton said on Friday it has sold a 15 percent stake in one of its key iron ore mines in Australia to two Japanese conglomerates for US$1.5 billion. Itochu Corp. agreed to buy an eight percent holding in the Jimblebar mine in the resource-rich Pilbara region of Western Australia for US$800 while Mitsui will pay $US700 million for a seven percent stake. The Jimblebar mine is wholly-owned by BHP and will have initial production capacity of 35 million tonnes of the steelmaking commodity per annum, rising to 200 million tonnes per annum when fully operational. Itochu and Mitsui already collectively own 15 percent of BHP\'s mine, railway and port infrastructure in the region. \"We are pleased to extend our successful, long-standing joint venture relationship with Itochu and Mitsui,\" BHP\'s iron ore president Jimmy Wilson said. Australia\'s Foreign Investment Review Board has to approve to the transaction, with the deal expected to be signed off during the September quarter.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bhp sells iron ore mine stake to japan for 15bn Arab Today, arab today bhp sells iron ore mine stake to japan for 15bn

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bhp sells iron ore mine stake to japan for 15bn Arab Today, arab today bhp sells iron ore mine stake to japan for 15bn

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday