25 Mar '11, 12am

BHP to invest billions in Australian iron ore, coal

BHP to invest billions in Australian iron ore, coal

SYDNEY: The world's biggest miner BHP Billiton on Friday announced plans to pour billions of dollars into expanding its coal and iron ore operations in Australia. The cashed-up resource giant said US$7.4 billion will be pumped into continuing production growth in the company's Western Australia iron ore operations to expand capacity to more than 220 million tonnes a year. Of that, US$3.4 billion will be used to develop its Jimblebar mine and rail links, and to buy mining equipment and rolling stock. Another US$2.3 billion is earmarked for improvements to Port Hedland, including additional berths and shiploaders, a car dumper, rail works and rolling stock. The rest of the investment will be used to improve port blending facilities and rail yards. BHP will contribute US$6.6 billion to the projects and its partners the rest. The Melbourne-based Anglo-Australian miner also ann...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

Tweets

Yakuza salivates over Japan's reconstruction bi...

todayonline.com 26 Mar '11, 1am

Here is a number for economists mulling Japan's post-earthquake trajectory: 17. That is Japan's ranking out of 178 nations...

World champion Sebastian Vettel will start from pole position for Sunday's season-opening F1 Australian Grand Prix

World champion Sebastian Vettel will start from...

straitstimes.com 26 Mar '11, 5am

Red Bull-Renault driver and reigning world champion Sebastian Vettel of Germany returns to the pits after setting the fast...

Steel, iron end flat in thin trade

sg.news.yahoo.com 26 Mar '11, 11am

New Delhi , Mar 26 (PTI) The local steel and iron market ended on a flat note today as prices moved in a tight range in re...