Singapore, June 30, 2008 : BHP Billiton and Usha Martin have signed a definitive agreement to set up a joint venture company Bharat Minex Private Limited to jointly explore for minerals in the state of Jharkhand in India.
About Usha Martin
Usha Martin Limited, leading producer of speciality steel and one of the largest wire rope manufacturers globally, is engaged in manufacture of wire, wire ropes, steel with captive mineral linkages of iron ore and coal and cables and has manufacturing facilities in Ranchi, Jamshedpur, Hoshiarpur, Silvassa, UK, Thailand and UAE. It has created a worldwide distribution, service and marketing network spread across the US, UK, Europe, Africa, the Middle and Far East.
About BHP Billiton
BHP Billiton is the world’s largest diversified natural resources company, with some 39,000 employees across 100 operations in approximately 25 countries. Its operations encompass a broad range of commodities including aluminium, energy coal, metallurgical coal, copper, manganese, iron ore, uranium, nickel, diamonds, silver and titanium minerals, oil, gas, and liquefied natural gas.
In 2007, BHP Billiton generated turnover of US$ 47.5 Billion, and attributable profit (excluding exceptional items) of US$ 13.7 Billion.
BHP Billiton is dual listed on both the Australian and London stock exchanges, with its headquarters in Melbourne Australia.
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