BHP Billiton Extends Western Australia Iron Ore Joint Venture Relationship
BHP Billiton today announced an extension of its long term joint venture relationship with ITOCHU Corporation (ITOCHU) and Mitsui & Co., Ltd. (Mitsui). Under the terms of the agreement, ITOCHU and Mitsui will invest approximately US$0.8 billion and US$0.7 billion respectively in shares and loans of BHP Iron Ore (Jimblebar) Pty Ltd, representing an eight …