BHP content with iron ore grade boost for now

Original article by Peter Ker
The Australian Financial Review – Page: 19 : 22-Mar-18

BHP Billiton is tipped to make an investment decision on the South Flank iron ore project in Western Australia by mid-2018. The company’s average iron ore grade is 61 per cent at present, but this would rise to 62 per cent if the project is approved. However, BHP’s Edgar Basto says that aside from South Flank, BHP is unlikely to increase its average iron ore grades in the near-term. He adds that factors such as the stronger Australian dollar and rising labour costs have contributed to an increase in the expected cost of the project.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, VALE SA

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