BHP Billiton will approve projects in
a sequence that maximises value, reduces risk and balances
short and long term returns, said Alberto Calderon, the miner's
chief executive of aluminium, nickel and corporate
The company has 22 projects in execution stage, and has the
flexibility to sequence investments as the spending associated
with these projects decline substantially in the coming
"Our plans are framed by our commitment to a solid A credit
rating and progressive dividend," Calderon said in a
presentation at the Macquarie Australia Conference in
BHP, which has divested numerous operations, said "businesses
must earn their right to remain in the portfolio".
The company will continue to review divestment options and
organisational structure, Calderon said.
BHP is confident about the long term growth outlook and
fundamentals for key commodities and urbanisation in the
developing world, particularly China and India will drive
long-term commodity demand, he said.