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The Australian reported that BHP Billiton (NYSE:BHP) is intending to increase its production of coking coal by improving its productivity. The company will also look at new expansion options, according to the publication.
The Australian reported that BHP Billiton (NYSE:BHP) is intending to increase its production of coking coal by improving its productivity. The company will also look at new expansion options, according to the publication.
As quoted in the Australian:
BHP is keeping the coal business because of the large, expandable, low-cost assets in the portfolio, putting only the smaller Illawarra coking coal mines and South African thermal coal assets into a $US17 billion ($19bn) spin-off of non-core assets planned next year.
Mr Mackenzie has said all projects will have to compete for BHP’s investment capital, which is capped at $US14bn a year, and that preferred projects will have a rate of return of more than 20 per cent.
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