BHP Billiton is set to postpone a $20B port expansion plan in Australia, according to a memo...

|About: BHP Billiton Limited (BHP)|By:, SA News Editor
BHP Billiton is set to postpone a $20B port expansion plan in Australia, according to a memo from the company's iron ore chief: The resources industry is "facing numerous challenges including substantial capital and operating cost escalation and decreasing commodity prices." Mining contractors in Perth have reportedly already started laying off workers.