Australian
mining giant
BHP Billiton Ltd has announced that over the five years to the end of the 2015 financial year it expects to invest more than $80 billion in its organic growth.
"Major projects, including those in
iron ore and metallurgical coal, are at an advanced stage of the approvals process and should result in a substantial increase in sanctioned project capital expenditure," reads
BHP Billiton's statement.
BHP Billiton's $80 billion expansion plan over the next five years includes expanding its Olympic Dam copper and uranium mine in
Australia, with a decision expected in 2012, the Jansen potash project in
Canada and
iron ore and coal expansions in
Australia.