BHP Billiton (BHP,BBL,BLT.L,BHP.AX) announced that it has approved investment of $845 million to sustain operations at Illawarra Coal in southern New South Wales, Australia by establishing a replacement mining area at the Appin Mine. The company said that the Appin Area 9 will be operational in 2016 and will replace production at the West Cliff Mine.
The company said that the replacement area will have a production capacity of 3.5 million tonnes per year of metallurgical coal and will sustain Illawarra Coal's production capacity at 9 million tonnes per year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.