BHP: approves 2.9 billion dollar investment in Australia
(CercleFinance.com) - BHP, the world's biggest miner, said on Thursday that it has approved capital expenditure worth 2.
9 billion dollars for its South Flank iron ore mine in Western Australia.
The project - which will create around 2,500 construction jobs, and over 600 operational roles - will be a major contributor to the group's ore reserves, while enabling it to benefit from price premiums for higher-quality gross and refined products, it said.
The first ore is expected in 2021, with the project expected to produce ore for over 25 years.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
9 billion dollars for its South Flank iron ore mine in Western Australia.
The project - which will create around 2,500 construction jobs, and over 600 operational roles - will be a major contributor to the group's ore reserves, while enabling it to benefit from price premiums for higher-quality gross and refined products, it said.
The first ore is expected in 2021, with the project expected to produce ore for over 25 years.
Copyright (c) 2018 CercleFinance.com. All rights reserved.