Yandi is a large 80Mtpa open cut iron ore mining operation in Australia. It is located approximately 310 kilometres by rail from Port Hedland Western Australia. BHP Billiton has an 85% interest in Yandi with foundation partners Itochu and Mitsui owning 8% and 7% respectively. It is BHP Billiton's lowest cost iron ore mine owing to its very low strip ratio and relatively easy mining conditions. However it produces a low grade fines product so the low mining cost is somewhat offset by the discounted price it receives.