BHP Suspends Plan to Build Large Coal Mine in Queensland, Australia -Report
09/19/2012| 02:20pm US/Eastern
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BHP Billiton Ltd. (>> BHP Billiton Limited) has halted plans to build a coal mine near Moranbah in Queensland, Australia, which was to produce 14 million tons of coal annually, The Australian reported online.
"The company is focused on the projects currently under execution," a BHP spokesman told the newspaper on Wednesday. "In response to the challenging external environment, we have made some changes to the growth project arrangements."
The mining giant has reportedly suspended studies on the Saraji East project, also expected to produce 14 million tons of coal a year, but BHP wouldn't confirm the news, according to the newspaper.
Full story at http://www.theaustralian.com.au/business/bhp-to-shelve-its-red-hill-coalmine/story-e6frg8zx-1226477616731
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