Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
BHP Billiton has approved a further US$367 million (BHP Billiton share) investment for the third stage of development of the Newcastle Coal Infrastructure Group’s (NCIG) coal handling facility in Newcastle, Australia. BHP Billiton’s wholly-owned subsidiary, Hunter Valley Energy Coal, is a 35.5% shareholder in the holding company of the NCIG. The port expansion project will increase total capacity at the coal terminal from 53 to 66 Mt/y.
