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Additional Information
Market: LSE, ASX, JSE, NYSE
Sector: General Mining
Epic: BLT
News: Latest news
Web Site: BHP Billiton
Other Articles: 11-02-201002-02-201029-01-2010

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Monday March 15, 10:21Diamondcorp: a big cash injection and a lot of work to do

70% of the new money was raised from current shareholders, reflecting a hefty amount of faith in the management to deliver.

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Monday March 15, 11:38Calvin Klein owner buys Tommy Hilfiger for US$3 billion from Apax Partners

The New York listed shirt and neckwear company is paying €1.924 billion in cash and issuing €276 million in PVH common stock (approximately 8.7 million shares) to fund the transaction.

 

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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BHP Billiton

BHP Billiton

BHP Billiton (ASX:BHP) is a global leader in the resources industry.

Formed from a merger between BHP and Billiton, the company is a leader in the extraction and sales of most natural resources, and is particularily strong in Iron Ore, Coking and Thermal Coal, Copper, Zinc, Oil & Gas, Diamonds and most materials key to the production of steel.

Friday, January 29, 2010

BHP Billiton approves US$1.93bln investment in its Western Australia Iron Ore business

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BHP Billiton (LSE: BLT;  ASX: BHP) has approved a US$1.93 billion capital expenditure programme to further accelerate the growth of its Western Australia Iron Ore business. The investment is part of the company's Rapid Growth Project 6 (RGP6), which is expected to increase installed capacity of the Western Australia Iron Ore assets to 240 million tonnes per annum (mtpa) during calendar year 2013.

"This investment is the continuation of our long-term strategy of adding capacity in our high quality iron ore business to support our confidence in the longer term demand for iron ore globally”, BHP Billiton Iron Ore president Ian Ashby said, “By the time RGP6 is completed, we will have more than tripled installed capacity at our Western Australia Iron Ore operations since we first invested in our accelerated growth program in 2002.”

According to BHP Billiton, the funding will enable the early procurement of long lead time items and the early progression of detailed engineering work. The investment will focus on the expansion of the inner harbour at Port Hedland, progress rail track duplication works and expand the Jimblebar mining operation.

BHP Billiton said the approval for the balance of the RGP6 capital will be considered during the second half of the 2010 calendar year following the completion of the BHP Billiton and Rio Tinto (LSE, ASX: RIO) joint venture transaction. As a result of the agreement between BHP Billiton and Rio Tinto to establish a production joint venture, Rio Tinto has the option to participate in RGP6 by paying its share of invested capital. Rio Tinto’s decision is expected after the JV transaction is completed.

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