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BHP Billiton Pursues $822 Million Iron Ore Mine Development in W Australia
Nov. 17, 2011 02:09PM PST
Base Metals Investing
Platts reported BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT) has approved an $822 million investment for the development of its Orebody 24 iron ore mine.
Platts reported BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT) has approved an $822 million investment for the development of its Orebody 24 iron ore mine.
As quoted in the market news:
BHP’s share of the Orebody 24 investment will be $698 million. Its partners in the Pilbara iron ore operations are subsidiaries of Japan’s Itochu and Mitsui. The joint venturers are Itochu Minerals & Energy of Australia, Mitsui-Itochu Iron and Mitsui Iron Ore Corporation.