Posted on 01 Feb 2010
BHP Billiton Ltd says it has approved a US$1.93 billion expansion of its Western Australian iron ore business, to lift production capacity to 240 million tonnes per annum in 2013.
BHP Billiton said its share of the expansion cost would be US$1.73 billion. The company said in a statement today that the investment represented early spending in its Rapid Growth Project 6 (RGP6).
"The funding will allow early procurement of long lead time items and detailed engineering to continue the expansion of the inner harbour at Port Hedland, progress rail track duplication works and expand the Jimblebar mining operation," the company said.
