BHP Billiton Limited (ASX:BHP) has officially opened its Jimblebar iron ore mine in the Pilbarra.
The major miner has a $US3.2 billion interest in the mine which first began producing in the September quarter last year.
It is expected to produce 35 million tonnes per annum by the end of the 2015 financial year.
BHP Billiton iron ore president, Jimmy Wilson, says the business is well positioned to deliver high margin volume growth at a substantially lower cost.
BHP Billiton reported a net profit of $9.9 billion in the first half of the 2014 financial year.
