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MELBOURNE, March 3 Asia Pulse - Global miner BHP Billiton (ASX:BHP) expects to invest another $US975 million in further development of its coal mining operations in South Africa, after approving the Douglas-Middelburg optimisation (DMO) project on Friday.
The DMO project includes utilising reserves across the Douglas and Middelburg Mine Services (MMS) collieries, development of new mining areas, and a new 14 Mtpa (million tonnes per annum) coal processing plant.
BHP Billiton said the project would enable it to maintain energy coal exports from the combined Douglas Colliery and MMS at around current levels (about 9.5 Mtpa BHP Billiton share), and meet domestic contractual commitments.
The Douglas and MMS collieries are currently owned through the Douglas Tavistock Joint Venture (DTJV), in which BHP Billiton has a stake of 84 per cent and Xstrata 16 per cent.
Source: HighBeam Research, BHP BILLITON TO INVEST ANOTHER $US975MLN IN SOUTH AFRICAN COAL.