BHP Billiton increases iron ore shipping capacity
According to recent news in the market, Australian
BHP Billiton is planning to increase its annual shipping capacity of
iron ore in Western
Australia to 150 million tons by 2005. The target for this year is 120 million tons.
Moreover,
BHP Billiton plans to develop new
iron ore mines and increase its
iron ore capacity due to strong demand for the subject raw material.
It is reported that the company increased its
iron ore shipping capacity in Western
Australia to 100 million tons in February 2004 from 80 million tons.