BHP sells 15pc of Jimblebar to Itochu and Mitsui for $US1.5bn BHP Billiton has agreed to sell a 15 per cent stake in its Australian Jimblebar iron ore mine to two Japanese trading firms, Itochu and Mitsui, for about $US1.5 billion. The Jimblebar mine, located in the iron-ore rich Pilbara region of Western Australia, is wholly owned by BHP. Itochu has agreed to purchase an 8 per cent stake in the mine for about $US0.8 billion while Mitsui has agreed to pay about $US0.7 billion for a 7 per cent stake in the mine.