SYDNEY: The world's biggest miner BHP Billiton said on Friday it plans to invest billions of dollars in expanding its coal and iron ore operations in Australia.
The mining giant said US$7.4 billion will be pumped into continuing production growth in the company's Western Australia iron ore operations to expand capacity to more than 220 million tonnes a year.
Of that, US$3.4 billion will be used to develop its Jimblebar mine and rail links, and to buy mining equipment and rolling stock.
Another US$2.3 billion is earmarked for improvements to Port Hedland, including additional berths and ship loaders, a car dumper, rail works and rolling stock.
The rest of the investment will be used to improve port blending facilities to expand the life of the resource.
The Melbourne-based miner also announced a US$5 billion cash injection into three key metallurgical coal projects in Queensland's Bowen Basin.
Another US$400 million will be used to expand a thermal coal mine in the New South Wales Hunter Valley.
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