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BHP Billiton Iron Ore Chief Warns Of Project Delays

By Ross Kelly SYDNEY--BHP Billiton Ltd. (BHP.AU) said Thursday the head of its iron ore division told staff in an internal email that it's reviewing the development timetable of its major growth projects, but denied he singled out any postponement of a US$20 billion expansion of its Port Hedland harbor. A report in The Australian newspaper Thursday quoted an internal email by BHP iron ore president Jimmy Wilson saying there's "the potential for extended project development timelines" at the company's iron ore operations in the Pilbara region of Western Australia state. A BHP spokeswoman said Mr. Wilson didn't specifically mention Port Hedland. "In the note, he basically talked about the challenges the market's facing, and our belief in the long-term attractiveness of the iron ore market and the commitment to the projects that we currently have in execution," the spokeswoman said. "We've said for some time we're reviewing the sequence and pace of our future growth projects in the current environment," she added. Speculation is mounting that the mining giant will delay major growth projects amid a slide in commodity prices and escalating cost pressures in Australia. The company wouldn't say Sunday when a board decision is expected on whether to proceed with a A$30 billion expansion of its Olympic Dam copper, uranium and gold project in South Australia state. -By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Bhp Billiton Sp (BBL)
DateTimeHeadline
03/27/201706:15:12Report of Foreign Issuer (6-k)
03/27/201706:12:46Report of Foreign Issuer (6-k)
03/24/201714:55:00Metals: Copper Pulls Back as Mine Strike Ends in Chile
03/24/201710:41:00Metals: Copper Pulls Back as Mine Strike Ends in Chile
03/24/201708:36:00Copper Pulls Back as Mine Strike Ends
03/23/201714:18:00Union at BHP's Escondida Copper Mine in Chile to End Strike
03/23/201713:10:00Talks Between BHP, Miners Collapse at Escondida, Miner Tables...
03/21/201714:47:00Metals: Copper Falls as Supply Concerns Diminish
03/21/201708:09:00Copper Falls as Supply Concerns Diminish
03/21/201706:08:53Report of Foreign Issuer (6-k)
03/16/201721:06:00Judge Suspends Lawsuit Against Firms Involved in 2015 Brazilian...
03/13/201716:10:00Metals: Weaker Dollar and Mine Strikes Lift Copper
03/13/201708:25:00Metals Advance Ahead of U.S. Rates Decision
03/10/201715:02:07Report of Foreign Issuer (6-k)
03/09/201706:43:00Metals Lose Ground Amid Expectation of U.S. Rate Rise
03/09/201703:57:00Rio Tinto Chairman Jan du Plessis to Step Down -- Update
03/09/201703:07:00Rio Tinto Chairman Jan du Plessis to Step Down
03/08/201706:04:08Report of Foreign Issuer (6-k)
03/07/201716:24:16Report of Foreign Issuer (6-k)
03/03/201718:19:00BHP Billiton, Pemex Sign Contract on Trion Oil Field Development

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