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The Sydney Morning Herald reports BHP Billiton (NYSE:BHP) has entered an agreement to buy the iron ore contract mining division of contractor Leighton Holdings.
The Sydney Morning Herald reports BHP Billiton (NYSE:BHP) has entered an agreement to buy the iron ore contract mining division of contractor Leighton Holdings.
The market news is quoted as saying,
The $705 million sale of HWE Mining also helps bolster the balance sheet of the embattled Leighton, which last week revealed a further $278 million of losses on its troubled Wonthaggi desalination plant project.