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BHP may cut its iron ore expansion plan
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According to report, Australian mining giant BHP Billiton may look to cut the first stage of estimated US$10 billion iron ore port expansion into half in order to reduce its capital spending on rising costs and market uncertainty.
In February this year, BHP Billiton decided for US$779 million in early funding to build 100-million tons a year outer harbor facility.
However, the analysts said that the new chief of BHP Billiton will cut this plan.
Nevertheless, the firm declined to comments if the new chief would cut the plan.
News Date
6/22/2012 4:48:28 PM
reported by
Judy Lin
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