BHP Billiton to invest USD 1bn in South Africa this year.

By bne IntelliNews February 7, 2013
AngloAustralian multinational mining and petroleum company BHP Billiton plans to invest about USD 1bn in new projects in South Africa in the coming year, BDay Live reported, quoting BHP Billiton South Africas chairman Xolani Mkhwanazi. Mkhwanazi told participants in Mining Indaba in Cape Town that BHP Billiton remains committed to South Africa and plans to expand its aluminium and manganese operations. BHP Billiton has invested USD 500mn in a manganese smelter in Klipspruit, south of Johannesburg. It has also a prospecting right to explore for oil on South Africas west coast since 2010 and has earmarked about USD 97mn for the project. BHP operates also four collieries and one coal-processing plant, two aluminium smelters, and manganese mining operations in South Africa.

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