April 3 (Reuters) - Bluescope Steel Ltd BSL.AX
* Sale of taharaoa export iron sands business
* Has reached agreement to sell 100% of shares in its Taharoa export iron sands business to Taharoa mining investments limited (TMIL)
* Bluescope expects a reduction in net debt of NZ$25.5m at completion
* Bluescope will make cash contribution of about NZ$51m; TMIL will assume all liabilities associated with business including NZ$76.5m in finance lease liabilities Source text for Eikon: ID:nASX1Wjlnx Further company coverage: BSL.AX