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Log In By Robb M. Stewart MELBOURNE, Australia--BHP Billiton Ltd. (BHP.AU) is planning a US$204 million expansion of its coking-coal operations in eastern Australia to increase production of the steelmaking ingredient and reduce overall operating costs. BHP and venture partner Mitsubishi Corp. (8058.TO) on Friday approved doctor home loan rate Oak Laurel the investment in their Caval Ridge mine, where they plan to build a 6.8-mile overland conveyer system to transport coal from the neighboring Peak Downs mine to a preparation plant. The project is expected to create up to 400 jobs during construction and 200 ongoing operations roles, said Mike Henry, president of BHP's Australian minerals division. Construction is set to begin mid-year and take 18 months to complete. The investment in the coking-coal business comes after several tough years for the operations. Look At This Coal prices have recovered over the past few months, including a surge in recent weeks after a tropical cyclone flooded mines across Australia's Queensland state.

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