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April 18, 2012
07:20 EDTBHPBHP Billiton reports exploration and development activities for year to March
BHP Billitonís reported that its Onshore US drilling and development expenditure totalled $2.2B for the nine months ended March 31. The company said Greenfield exploration continued on copper targets in South America, nickel and copper targets in Australia, and iron ore and potash in a number of regions globally. For the nine months ended March, BHP Billiton spent $785M on minerals exploration, of which $668M was expensed. Petroleum exploration expenditure for the nine months ended March was $925M, of which $409M was expensed. The company's guidance for petroleum exploration expenditure for the 2012 financial year is $1.4B, including the Onshore US exploration program. Reference Link
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