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

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.