BHP Confirms Cancellation of Queensland Coal Mine Project

By International Business Times,  September 20, 2012, 03:30:27 AM EDT

Since first announcing in May that it will hold some $80 billion on supposed programmed projects, BHP Billiton Ltd. had been in a roll on supporting that claim as it declared cancellation after cancellation of high-ticket projects.

On Thursday, it confirmed it is cancelling plans of a supposed $3-billion coking coal mine in Queensland. The deferment was first announced in August when the global miner confirmed it is scraping the $30-billion expansion of the Olympic Dam mega project.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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