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BHP approves $301m iron-ore investment

BHP approves $301m iron-ore investment

Photo by Bloomberg

25th November 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Mining giant BHP Billiton has approved a $301-million spend to replace two shiploaders at its Nelson Point port operations, in Port Hedland.

“This is an important investment that is consistent with our commitment to maximise the capacity of our Western Australian iron-ore inner harbour and deliver substantial value to shareholders and other stakeholders,” said BHP iron-ore president Jimmy Wilson.

The two new shiploaders would increase the reliability of the company’s inner harbour port facility, and would each have a loading capacity of about 12 500 t/h. The current shiploaders, which are each more than 40 years old, currently load at a rate of around 10 000 t/h each.

Wilson told shareholders on Monday that the investment would also create additional port capacity, which could be used as a series of debottlenecking initiatives to increase the capacity of the Western Australian iron-ore supply chain towards 270-million tonnes a year, at a low capital cost.

Commissioning of the two replacement shiploaders was scheduled for the second half of 2014.

Edited by Creamer Media Reporter

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