The Australian reported that BHP Billiton is poised to allocate $500 million of pre-approval development capital to Jansen, which some take as an element of a strategy that would see a commitment of a S12 billion development decision in 2015-16.
As quoted in the Australian:
But according to analysts at Goldman Sachs, BHP ultimately will give the go-ahead for Jansen, a project that BHP says represents a potential opportunity to establish a fifth pillar to its four-pillar operating base of iron ore, copper, coal and petroleum.
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