BHP Billiton admits rising costs
BHP Billiton said yesterday that its Worsley bauxite and aluminium project in Australia will cost $135m (£84.4m) more than previously expected, and that first production has been put back a year to the first quarter of 2012. BHP said the $3bn venture is “one of the most complex brownfield projects undertaken”, which has slowed down construction progress. The firm also announced an extra $488m investment in its Jansen potash project in Saskatchewan, Canada.