Edgar Basto says BHP Billiton's Yandi mine has an estimated decade’s worth of iron ore production remaining.

BHP says tax defeat a win for new projects

Investment plans for BHP Billiton’s South Flank project can proceed with greater certainty following the defeat of the Nationals WA's proposed iron ore levy hike at the ballot box earlier this month, according to the company’s asset president of WA iron ore, Edgar Basto.

Mr Basto said the failure of the Nationals policy, and the new Labor government’s position on the issue, suggested the state’s investment environment was more stable, although he wouldn’t be drawn on exactly when a decision on the project, which would have a capacity of around 80 million tonnes per annum, would be finalised.

South Flank, in combination with nearby Mining Area C, would be the world’s largest iron ore mining and processing centre, Mr Basto said.

“The people of WA dismissed the potential policy for an additional tax and they showed it in the way that they voted in the last election,” Mr Basto told media after a presentation at the Global Iron Ore & Steel Conference today.


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BHP Billiton (BHP)

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