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    iron investing

    BHP Unveils 450Mt/y WA Iron-Ore Production Target

    Investing News Network
    Sep. 28, 2011 01:50PM PST
    Base Metals Investing

    Mining Weekly reported BHP Billiton (NYSE:BHP,ASX:BHP) has unveiled plans to increase its Pilbara iron-ore production to 450-million tons a year.

    Mining Weekly reported BHP Billiton (NYSE:BHP,ASX:BHP) has unveiled plans to increase its Pilbara iron-ore production to 450-million tons a year.

    The market news is quoted as saying,

    BHP has an iron-ore production capacity of 155-million tons of iron-ore a year in the Pilbara, while rival Rio Tinto’s capacity is 225-million tons a year.

    In March, the diversified miner approved a $7.4-billion capital investment to grow its Pilbara capacity to more than 220-million tons a year by 2014.

    For the complete market news, click here.

    iron investing
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