BHP Billiton to invest $80 billion in organic growth over next five years

Thursday, 17 February 2011 17:12:36 (GMT+3)   |  
       

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.

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