BHP Billiton has cleared the last external hurdle for a planned $10 billion expansion of its Port Hedland harbour in Western Australia that would help the world’s biggest miner double output of iron ore.
BHP won environmental approval from the federal government for the project, clearing the way for the Anglo-Australian miner to make a final investment decision on the Port Hedland outer harbour project in the Pilbara region later this year. The expansion is one of the top three projects BHP has outlined in an $80-billion capital spending plan, and is seen as the one most likely to go ahead, even as the company pares spending due to global uncertainty and shareholder jitters.