BHP commits $779m to Australian port development

BHP Billiton, the world's biggest mining company, has announced $917m in pre-commitment funding for the construction of an outer harbour facility for its Western Australia iron ore operations.

BHP Billiton, the world's biggest mining company, has announced $917m in pre-commitment funding for the construction of an outer harbour facility for its Western Australia iron ore operations.

The money, of which BHP will provide $779m, will go towards feasibility studies and for dredging to begin, subject to the necessary regulatory approvals.

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