Bhp billiton has approved its investment in Newcastle's third-port project in New South Wales, which involves building a coal export facility with capacity of 30M tonnes a year. The scheme includes an option to expand capacity to 66M tpa. BHP is the main shareholder at more than 35%, joined by other producers in the area, including Peabody, Centennial and Felix NSW. Capital investment is projected at A$ 1.1 Bn ($968M), with the first coal loading scheduled for 2010.
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