CAPITAL MARKETS

BHP muscles iron ore market

BHP Billiton has followed on the heals of fellow major Rio Tinto in planning a massive expansion to its iron ore operations, a move that could put further pressure on juniors trying to cash in on the boom including the most ambitious of that emerging group, Fortescue Metals Group.

Ben Sharples

BHP muscles iron ore market

BHPB will spend $US1.3 billion on an expansion to its iron ore operations, including the development of the Rapid Growth Project 3 which will increase capacity at its Area C mine by 20 million tonnes per...

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