BHP Billiton approved today a US$822 million (BHP Billiton share
US$698 million)1 investment for the development
of its Orebody 24 mine, located approximately 10 kilometres north-east of
Newman, Western Australia. Orebody
24 is a sustaining mine
to maintain iron ore
production output from the Newman Joint Venture operations.
The new Orebody 24 mine will have a capacity of 17
million tonnes per annum (100 per cent basis) and will include the construction
of an ore crushing plant, train loadout
facility, rail spur and other associated support facilities.
Initial mining from
Orebody 24 will start in the second half of calendar year 2012.
BHP Billiton President Iron Ore, Ian Ashby, said "The Orebody 24 development is consistent with our strategy
to invest in high quality,
basins and highlights the benefits
of our ability to leverage existing
infrastructure to sustain current