Lunes, 24 Setiembre, 2018

BHP Billiton OKs initial South Flank funding

BHP Billiton Minerals Australia operations president Mike Henry BHP Billiton Minerals Australia operations president Mike Henry
Montez Delgado | 26 Junio, 2017, 11:56

BHP has begun early work on its $US3.2 billion ($4.2 billion) South Flank project which is expected to create several hundred construction jobs.

BHP President Operations, Minerals Australia, Mike Henry, said the funding would generate several hundred construction jobs and provide exciting opportunities for Western Australian suppliers.

The South Flank project is a compelling option to replace Yandi production and offers attractive returns, said Mike Henry, president of BHP's Australian minerals operations.

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The project is expected to be submitted for board approval in mid-2018, with first ore targeted in 2021 and ramp-up timed to coincide with the ramp-down of Yandi.

The initial funding will be used primarily for the expansion of accommodation facilities to support current and future workforce requirements.

The capital cost for South Flank is expected to be in the range of $US30-$US40/tonne, with expenditure fitting within WAIO's previously indicated average sustaining capital expenditure of $US4/tonne over the next five years.

New Zealand extend lead over U.S. in America's Cup final
New Zealand snatched back the momentum after the United States of America notched their first win of the series on Saturday. Ahead by about five boat lengths across the line, they were 12 seconds up at the first mark - game over.

South Flank will be a higher-grade (62 per cent), lower phosphorus operation than Yandi (58 per cent) with a strip ratio in line with BHP's broader Pilbara iron ore operations.

BHP shares were up 11¢ to $22.52 at 8.45am.

Acuerda PT ir en alianza con Morena en elecciones del 2018
Apenas el pasado 4 de junio, el candidato del PT, Óscar González, declinó en favor de la abanderada morenista , Delfina Gómez, para la elección a gobernador en el Estado de México.

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