IRON-ORE
BHP has approved capital expenditure of $2.9-billion for the South Flank iron-ore project, in the central Pilbara, Western Australia. The project, in which BHP holds an 85% interest, will cost $3.4-billion to develop and will fully replace production from the 80-million-tonne a year Yandi mine, which is reaching the end of its economic life.
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