BHP Billiton plan £6billion Australian expansion



BHP-Billiton

BHP-Billiton

The biggest miner in the world, BHP Billiton is planning to expand its Australian iron ore and coal mining projects, as it looks for ways to meet the huge increase in demand from Asia.

The company have approved £6billion of capital investments in the country.

The money will be spent developing existing mines, as well as improving rail links and ports all over Australia.

The company said in February that they expect to spend $80billion on development in the next 5 years, and this appears to be their first step.

The company is the world’s biggest producer of coking coal, a key ingredient in the production of steel. They also play a large part in producing the world’s silver, nickel, ore and iron supplies.

The expansion will be focused on western Australia, with both the Jimblebar mine and the Port Hedland site seeing investment.

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