BHP Billiton Ltd
(ASX:BHP) has released an environmental review on plans to develop a new harbour at Port Hedland.
The expansion at the world’s second largest iron ore port would mean the mining giant will be more than doubling its current iron ore production rate.
The harbour has been allocated a capacity of 240 million tonnes a year by the miner, which plans to increase exports to 350 million tonnes a year by 2020.
BHP Billiton posted a net profit of $10.5 billion, in the six months to December 31, 2010.
