Oct 21, 2017 Last Updated 10:47 AM, Oct 19, 2017

New Entry From the Editor :

Perth Airport checks in to shortlist in inaugural International Airport Review Awards

Perth Airport checks in to sho…

AusBN - Perth Airport has been shortlisted in the inaugural International A...

BHP reports mixed results for copper and iron ore in Q2

BHP reports mixed results for …

AusBN - The world’s number one miner BHP announced increased copper p...

Rio Tinto ships more Pilbara iron ore but lowers copper outlook in Q3 report

Rio Tinto ships more Pilbara i…

AusBN - Rio Tinto (ASX:RIO) produced another set of mixed results in its Q3...

BHP Billiton plans $271 million coking-coal expansion in Eastern Australia

Coal fire in opencast coal mineAusBNAusBN - BHP Billiton (ASX:BHP) is preparing a AUS$271 million expansion of its coking-coal operations in Eastern Australia, in order to increase production and reduce overall operating costs.

This expansion of the Caval Ridge mine was confirmed by BHP and venture partner Mitsubishi Corp, who will collaborate in the build of a 6.8-mile overland conveyer system to transport coal from the neighbouring Peak Downs mine to a preparation plant.

The project is expected to create up to 400 jobs during construction, followed by a further 200 ongoing roles at the facility.

Mike Henry, BHP’s president operations, minerals Australia, said: “This investment furthers our productivity agenda, reduces costs, releases latent equipment capacity, and strengthens our coal business’ global competitiveness.

“We are committed to Queensland’s Bowen Basin and this project creates new employment opportunities during construction and locks in ongoing operational roles.

“The investment flowing from the project will help support the local community and state economy after what has been a difficult time in the region.”

The coal mining industry across Queensland has taken a hit in recent years following a sustained prices slump, but the market has shown signs of recovery, particularly in the last few months.

@AusBNOnline

This Month's Issue

AusBN Vol3 Iss1

Subscribe

rgn web banner

abn web banner