Nippon Steel and BHP Billiton to jointly develop mines
Japanese steel producer Nippon Steel Corporation (NSC) and Australian mining giant
BHP Billiton have reached an agreement to jointly develop
iron ore mines and expand existing
iron ore and
coking coal mines.
The two companies signed such an agreement to strengthen their relations and obtain mutual benefits.
According to the statement released by NSC, both companies will soon form a team to conduct joint projects.