Improvements at the mine mill throughput and concentrator utilization offset declining ore grades at the world's largest copper mine.
The 70 million tonne-a-year project in the Pilbara is meant to replace other Yandicoogina’s areas that are running out of ore.
BHP’s major vote of confidence in iron ore proves the company trusts it can mine the bulk commodity for less than many rival producers, and thrive even in an environment of weakening prices.
Anglo's unit Kumba plans to almost double production by 2030.
CEO Murilo Ferreira thinks the ore may get close to 2011’s peak of $168 a ton.
The world’s second-largest mining company’s produced 139.5 million metric tons of iron ore in the six months through June, while its shipments rose 20% to 142.4 million tons.
According to the company, the mine will employ about 1,800 workers during construction and generate 1,000 permanent jobs once opened.
In the first half of 2014, the country’s coal imports grew just 0.9%, compared with 13.3% a year earlier.
As BHP considers the sale of almost all of the businesses that Billiton brought to the 2001 merger deal, experts say the firm is likely to end up leaving London.
Follows signing of FTA seen as major opportunity for Australian miners.
Billionaire Andrew Forrest, who made his fortune as the driving force behind Fortescue, says high cost competitors will exit the market shortly.
Production ramp-up comes despite price plunge earlier this year.
In an email to staff the company's coal chief executive, Peter Freyberg, revealed details of tax payments.
Firm says no connection with iron ore price.
Cuts will occur because the sector is switching from the job-heavy construction stage to the operational phase, which requires fewer workers.
While it did not disclose the costs and planned capital expenditure for the Albany project, Rio has previously said the deposit had enough potash to sustain a low cost operation for decades.
The world’s largest iron ore exporter has cut price estimates for this year and 2015.
The exclusivity agreement, which expired last week, would have given BHP the right to develop a potash port close to its Jansen project.
Up to 3,000 jobs could be axed from BHP's flagship iron ore division, where 500 jobs have already been lost.
Total coal exports, however, fell 13.1% in the quarter, from 17.4 million tons in the first quarter of 2013 to 15.1 million tonnes in the same period this year.
The country's mining industry has lost 6,600 workers in the three months to May.
Iron ore and steel prices are approaching levels last seen during the height of the financial crisis.
Shares in producers are dumped after price of iron ore falls 2% to fresh 22-month on more bad economic news from top consumer China.
World's largest mining company said to be unloading all of the non-core units acquired after the merger with Billiton 13 years ago.
The incident comes on the heels of jobs reductions announced last week, which affected about 50 contractors.
CEO Andrew Mackenzie says miner's China-focused investment is shifting and its rapid iron ore expansion came at the expense of the overall business.
Get Mining News and Alerts
sent to your inbox daily