[miningmx] — BHP Billiton expects its coking coal production capacity to reach 66
million tonnes a year in 2014, up 50% from 2012, news wire service Reuters
reported on Tuesday.
“By end calendar year 2014, the capacity of Queensland coal will be 50% higher than
the
production rate in FY12,’ Reuters quoted BHP’s chief executive ferrous and
coal,
Marcus
Randolph.
Randolph said cost-cutting was well underway at its coal operations in Queensland,
where it recently closed loss-making mines and shelved plans to expand its Peak
Downs
mine, saying on Tuesday that its share of the Caval Ridge project would now cost
$1.87bn.
The company also said its Port Hedland inner harbour, where it exports iron ore, is on
track for commissioning in the current half.
