Wednesday, October 26, 2011

BHP to invest in the expansion of 80 billion dollars

Mining Company "BHP Billiton" intends in 2015 to invest 80 billion dollars in expansion and development of commodity projects. On it informs Bloomberg. As expected, this year the investment corporation will make $ 15 billion reported earlier that "BHP Billiton" enters into a struggle for shale gas reserves in the U.S.. Thus, concern has acquired from Chesapeake Energy control over the field in Fayetteville Arkansas. The deal amounted to 4.75 billion dollars in reserves from this acquisition, the corporation will increase by almost half, to 1.7 billion barrels. of oil equivalent. It is assumed that BHP will spend on the development of this field in the next 10 years 800 million - $ 1 billion in mining company, "BHP Billiton" includes the Australian "BHP Billiton Limited" and British "BHP Billiton Plc". Largest enterprise in the industry is engaged in bauxite mining, coal, copper, manganese, iron ore, nickel, uranium, diamonds and titanium minerals, silver, and oil and natural gas. Ministry of Industry

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