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The mine is expected to operate for a minimum of 25 years and produce in excess of 70 million tonnes of iron ore per annum, at a construction cost in excess of US$3.6 billion. Construction of the mine employed around 2,500 people at its peak, with a staff of 600 permanent employees during operation.
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BHP Billiton planned to spend $800 million to $1 billion a year over 10 years to develop the field and triple production. [ 65 ] On 14 July 2011, BHP Billiton announced that it would acquire Petrohawk Energy of the United States for approximately $12.1 billion in cash, considerably expanding its shale natural gas resources [ 66 ] in an offer of ...
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...
It was spun out of BHP Billiton on 18 May 2015. [1] It is listed on the Australian Securities Exchange with secondary listings on the Johannesburg and London Stock Exchanges . [ 2 ]
BHP Group’s copper production rose 9% in fiscal 2024 for the second successive year, reaching 1.9 million tons. The average realized copper prices increased in fiscal 2024. The average realized ...
John Barry Prescott (born 22 October 1940) is an Australian retired businessman and corporate bureaucrat who was managing director and CEO of BHP from 1991 to 1998. [1] Over his career, he has held numerous positions including chairman of Queensland Rail and ASC Pty Ltd, and director of Newmont Mining Corporation.
Resolution Copper (RCM) is a joint venture owned by Rio Tinto and BHP formed to develop and operate an underground copper mine near Superior, Arizona, U.S. The project targets a deep-seated porphyry copper deposit located under the now inactive Magma Mine .