BHPB furthers owner mining strategy with completion of HWE buyout from Leighton

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BHP Billiton has completed its acquisition of a series of HWE Mining contract mining subsidiaries from Leighton Holdings. This follows on from a previously announced Heads of Agreement, signed on 9 August 2011. The acquisition relates to the mining equipment and related assets that service the Area C, Yandi and Orebody 23/25 operations. These operations collectively account for almost 70% of Western Australia Iron Ore’s total material movement. (more…)