BHP Billiton to Allocate $500 Million to Jansen

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.

To view the whole Australian report, click here.