(MENAFN) BHP Billiton, the world's largest mining firm and Australia's 4th largest, has revealed its plans to spend USD900 million in the next financial year on exploration for copper and oil.
In accordance, the Melbourne-based giant will focus its oil exploration program on deep-water basins in the Gulf of Mexico, the Caribbean and off the coast of Western Australia.
The behemoth is basically taking a value-focused approach to exploration, despite employment opportunities for geoscientists in Australia continuing to decline over the current year.
As of May, BHP Billiton's market capitalization value was USD80.3 billion, moreover, it engages in the exploration, development, production and processing of minerals, gas and oil.
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