Orebody 24 mine development, Australia
Name and Location
Orebody 24 mine development, Australia.
Client
Mount Newman iron-ore JV, which comprises BHP Billiton and Itochu.
Project Description
The project is located about 10 km north-east of Newman, in Western Australia.
The project envisages a mine producing 17-million tonnes a year of iron-ore and includes the construction of an ore-crushing plant, a train load-out facility, a rail spur and other associated infrastructure.
Value
The value of the project is estimated at $822-million.
BHP Billiton’s share of the capital cost of the Orebody 24 mine is $698-million.
Duration
Initial mining is expected to start in the second half of 2012.
Latest Developments
First production was achieved in the final quarter of 2012.
The overall project is 86% complete.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
The project is on budget and on time.
Contact Details for Project Information
BHP Billiton, investor relations, James Agar, tel +61 3 9609 2222 or email James.Agar@bhpbilliton.com.
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