BRM 0.00% $2.53 brockman resources limited

Looks like BHP will jetison the outer harbour ... more pressure...

  1. 9,438 Posts.
    Looks like BHP will jetison the outer harbour ... more pressure on Wah Nam and that port allocation.

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    BHP Billiton looks set to jettison the $20 billion Port Hedland outer harbour push, instead flagging a slow, staged development to deal with WA's "pretty hot" economy and a subdued iron ore outlook.

    Analysts are likely to tip BHP to postpone development of all three of its mega-projects - the iron ore outer harbour venture, Olympic Dam's expansion, and the Jansen potash asset - given the market had seen Port Hedland as the most likely to proceed.

    http://au.news.yahoo.com/thewest/business/a/-/wa/13890202/bhp-set-to-abandon-20b-harbour-push/
 
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