BHP Billiton Reconsiders Expansion

IBTimes reported BHP Billiton (NYSE:BHP) is rethinking its position on expansion as the company weighs what to do with $80 billion.

As quoted in the market news:

Early in 2011, Marius Kloppers, chief executive officer of BHP Billiton Ltd., said the company will dedicate $80 billion on new projects that include iron-ore production in Australia’s Pilbara region, the Escondida copper mine in Chile, and potash mining in Canada, among others.

BHP Billiton Ltd. is the world’s biggest coking-coal miner by volume and a top producer of copper, iron ore, nickel and silver.

Click here to read the full IBTimes report.