BHPB signs another iron ore deal

BHP Billiton has added another joint venture to the swag of deals currently being made in the iron ore sector, with its plans to partner JFE Steel Corp in the technical development and commercialisation of 160 million tonnes of pisolite ore not previously used in the steel making process. BHPB values the joint venture at US$3.7 billion.

BHPB signs another iron ore deal BHPB signs another iron ore deal BHPB signs another iron ore deal BHPB signs another iron ore deal BHPB signs another iron ore deal

Under the arrangement, JFE will take a 20% interest in a sub lease over part of BHPB's Yandi mine known as Western 4 near Newman in Western Australia.