BHP Billiton to invest in replacement Aussie coal mine

The board of mining titan BHP Billiton has given the go-ahead to a massive investment on its coal operations in New South Wales, Australia.

The board of mining titan BHP Billiton has given the go-ahead to a massive investment on its coal operations in New South Wales, Australia.

The group is spending US$845m to sustain operations at Illawarra Coal by establishing a replacement mining area at the Appin Mine.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

The project, which has received all the required regulatory approvals, includes roadway development, new ventilation infrastructure, new and reconfigured conveyors and other mine services.

JH

MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.