{"id":10933,"date":"2012-05-31T10:28:49","date_gmt":"2012-05-31T08:28:49","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/update-1-bhp-wins-environmental-approval-for-10-bln-port-plan\/"},"modified":"2012-05-31T10:28:49","modified_gmt":"2012-05-31T08:28:49","slug":"update-1-bhp-wins-environmental-approval-for-10-bln-port-plan","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-bhp-wins-environmental-approval-for-10-bln-port-plan\/","title":{"rendered":"UPDATE 1-BHP wins environmental approval for $10 bln port plan"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Port Hedland outer harbour will help output double<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Final investment decision expected later this year<\/p>\n<p><span><\/span><\/p>\n<p>* Approval contingent on protection for dugongs, turtles,<br \/>\nwhales<\/p>\n<p><span><\/span><\/p>\n<p>CANBERRA, May 31 (Reuters) &#8211; BHP Billiton<br \/>\non Thursday cleared the last external hurdle for a planned $10<br \/>\nbillion expansion of its Port Hedland harbour in Western<br \/>\nAustralia that would help the world&#8217;s biggest miner double<br \/>\noutput of iron ore.<\/p>\n<p><span><\/span><\/p>\n<p>BHP won environmental approval from the federal government<br \/>\nfor the project, clearing the way for the Anglo-Australian miner<br \/>\nto make a final investment decision on the Port Hedland outer<br \/>\nharbour project in the Pilbara region later this year.<\/p>\n<p><span><\/span><\/p>\n<p>The expansion is one of the top three projects BHP has<br \/>\noutlined in an $80-billion capital spending plan, and is seen as<br \/>\nthe one most likely to go ahead, even as the company pares<br \/>\nspending due to global uncertainty and shareholder jitters.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;In terms of the timing for project approvals, that hasn&#8217;t<br \/>\nchanged from what we&#8217;ve been saying &#8212; the second half of this<br \/>\ncalendar year and still very much subject to board approval,&#8221; a<br \/>\nBHP spokeswoman said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Today&#8217;s decision doesn&#8217;t change that. It just really means<br \/>\nwe&#8217;ve met all the regulatory processes.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Earlier this month, BHP Chairman Jacques Nasser said the<br \/>\ncompany was rethinking its expansion plans &#8220;everyday&#8221; and<br \/>\nwouldn&#8217;t spend the full $80 billion over five years as outlined<br \/>\nby Chief Executive Marius Kloppers in 2011.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Port Hedland outer harbour will help output double * Final investment decision expected later this year * Approval contingent on protection for dugongs, turtles, whales CANBERRA, May 31 (Reuters) &#8211; BHP Billiton on Thursday cleared the last external hurdle for a planned $10 billion expansion of its Port Hedland harbour in Western Australia that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10933","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10933"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10933\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}