Mining giant BHP Billiton Ltd
(ASX:BHP) is set to advance over $62 billion worth of projects this year as it refocuses on organic growth after a string of failed high-profile takeover attempts.
According to Deutsche Bank analysts, BHP should formally approve at least nine projects this year, including delivering on iron ore expansions in Western Australia’s Pilbara region.
The company should also have six large projects that progress to feasibility stage, with coal, oil and gas the main focus.
For the year ended 30 June 2010, BHP reported a net profit of $15.3 billion.
