Published on 22nd October 2008
Updated 42 minutes ago
The two combined-value $1,425-billion coal projects BHP Billiton was developing in South Africa were both "on schedule and within budget" for initial production in 2009 and 2010, the world’s largest diversified mining company said on Tuesday.
Releasing its quarterly report on exploration and development activities for the quarter ended September 30, BHP Billiton said that the $450-million Klipspruit energy-coal project was more than 50% complete and would begin producing in the second half of next year.
The far bigger $975-million Douglas-Middleburg Optimisation energy-coal project would then follow by mid-2010.
The company, headed by South African CEO Marius Kloppers, said that Klipspruit’s engineering was '’significantly advanced”, with civil works and plant erection “progressing well”.
Releasing its quarterly report on exploration and development activities for the quarter ended September 30, BHP Billiton said that the $450-million Klipspruit energy-coal project was more than 50% complete and would begin producing in the second half of next year.
The far bigger $975-million Douglas-Middleburg Optimisation energy-coal project would then follow by mid-2010.
The company, headed by South African CEO Marius Kloppers, said that Klipspruit’s engineering was '’significantly advanced”, with civil works and plant erection “progressing well”.
Posts
No comments:
Post a Comment