BHP Billiton has completed its acquisition of HWE Mining Subsidiaries from Leighton Holdings. This follows the previously announced Heads of Agreement, signed on 9 August 2011.
The acquisition relates to the mining equipment and related assets that service the Area C, Yandi and Orebody 23/25 operations. These operations collectively account for almost 70 per cent of Western Australia Iron Ore’s total material movement.
BHP Billiton President Iron Ore, Ian Ashby said: “With the legal and due diligence processes now complete, our primary focus moves to ensuring the integration of the highly skilled workforce into the BHP Billiton business in a safe and efficient manner.”
The acquisition is consistent with BHP Billiton’s previously stated intention to move the Western Australia Iron Ore business from contract mining to owner-operator mining.