BHP sells mine stake to Japanese firms

Two Japanese trading firms have bought a 15% stake in BHP Billiton Ltd's Jimblebar iron ore mine for about $US1.5 billion ($A1.62 billion), according to The Australian.

Two Japanese trading firms have bought a 15% stake in BHP Billiton Ltd's Jimblebar iron ore mine for about $US1.5 billion ($A1.62 billion), according to The Australian.

BHP has agreed to sell an eight per cent stake to Itochu for about $US800 million, and a seven per cent stake to Mitsui for about $US700 million, the newspaper reported.

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