(Reporting by James Regan; Editing by Ed Davies)
BHP OKs £521 million for new iron ore mine in Australia
SYDNEY (Reuters) - BHP Billiton <BHP.AX> <BLT.L> on Wednesday said it had approved $822 million (521 million pounds) in capital spending to dig a new iron ore mine in Australia capable of yielding 17 million tonnes of ore a year starting in mid-2012.Development of its Orebody 24 deposit would help maintain production rates at the company's operations in Western Australia state's Pilbara iron belt, it said.
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Eurozone leaders have agreed to support a new bailout for Greece that gives the debt-laden nation a lower interest rate.
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