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Port Hedland expansion gets $US917m commitment

BHP Billiton and its partners have committed $US917 million ($A866 million) to a port project that could increase its Western Australian iron ore exports by 100 million tonnes each year.

The funds are for an outer harbour development at Port Hedland that would include a four-kilometre jetty, a four-berth wharf, 32 kilometres of dredged departure channel and infrastructure such as stockyards and a rail spur.

BHP's share of the project is US$779 million whle its partners, Itochu Minerals and Energy of Australia, Mitsui-Itochu Iron and Mitsui Iron Ore Corporation, have also committed funds to the project, taking the total value to $US917 million.

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BHP Billiton (BHP)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/03/18

1 year TSR5 year TSR
294thBHP Billiton23%3%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

th-BHP Billiton$50,729.3m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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