More good news.
BHP is to develop the South Flank iron ore mine, in Mining Area C where ILU gets a royalty.
"BHP Billiton has accelerated the development of its $US2 billion-plus South Flank iron ore mine by approving $US184 million in initial funding for the Pilbara project before a final investment decision expected next year.
"Envisaged to replace 80 million tonnes of annual production from its large Yandi mine, the total development cost for South Flank would likely fall between $US2.4 billion ($3.2 billion) and $US3.2 billion.
http://www.copyright link/business/...-south-flank-iron-ore-project-20170623-gwxa98
GLTAH
Ash
More good news. BHP is to develop the South Flank iron ore mine,...
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