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BHP Billiton Plans $204 Million Expansion of Caval Ridge Coal Mine, Australia

Published: April 27, 2017 |

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BHP Billiton Ltd. is planning a $204 million expansion of its coking-coal operations in eastern Australia to increase production of the steel making ingredient and reduce overall operating costs.

BHP and venture partner Mitsubishi Corp. on Friday approved the investment in their Caval Ridge coal mine, where they plan to build a 6.8-mile overland conveyer system to transport coal from the neighboring Peak Downs mine to a preparation plant.

“The project is expected to create up to 400 jobs during construction and 200 ongoing operations roles”, said Mike Henry, president of BHP’s Australian minerals division.

Construction is set to begin mid-year and take 18 months to complete.

Coal operations contributed US$4.52 billion to BHP’s revenue in the last fiscal year through June, including US$3.35 billion from the Queensland operations that also include a venture with Mitsui & Co.

Rio Tinto PLC in late January moved to capitalize on last year’s sharp gains in commodity prices, agreeing to sell a major piece of its coal business for US$2.45 billion to China-controlled Yancoal Australia Ltd.  Last week, it received approval from Australia’s Foreign Investment Review Board for the deal to exit its Coal & Allied Industries Ltd. subsidiary.


About BHP Billiton
BHP Billiton is a leading global resources company. Their purpose is to create long-term shareholder value through the discovery, acquisition, development and marketing of natural resources.

To stop by BHP Billiton’s website, CLICK HERE


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