BHP Says Australian Mining Tax May Risk Major Iron Ore Project

  • South Flank operation jeopardized by planed tax increase
  • Project planned to replace expiring deposits in country

BHP Billiton Ltd., the world’s largest mining company, said a proposed tax on producing iron ore in Australia would risk the development of a new project in the Pilbara region that may account for about a quarter of its iron output from the country.

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