BHP intend to invest $15b to raise production capacity

UK “financial paper” said BHP Billiton plan to invest $15b on its iron mine exploration project in west Australia to fill the demand of steel manufacture leading China. BHP is busy on takeover Rio Tinto. This UK-Australia corporation is plan to invest money on ore yard, railway and port base facilities, its aim is to raise the production capacity this iron mine to 300m ton from 150m ton. This company is expected to produce 120m ton iron ore in 2008.