What is the value of BHP Billiton’s investment in South Africa?
BHP Billiton’s investment in South Africa is both direct and indirect. We have roughly 9 000 employees. The value of our original investment is around $1,6-billion. In 2007, we paid $202-million to the South African Receiver of Revenue and spent $606-million on salaries and wages. BHP Billiton’s growth strategy of low-cost, high-quality assets provides stable cash flow and visibility to new opportunities across the world. Our growth pipeline distinguishes us from our competitors while our size and diversity mean we can generate benefits through operational excellence. BHP Billiton South Africa has various activities, including aluminium, energy coal, the Richards Bay Coal Terminal, manganese, Richards Bay Minerals as well as exploration of various resources. The BHP Billiton board has recently approved the Klipspruit and the Douglas-Middelburg Optimisation (DMO) projects, which involve a combined capital investment of $1,4-billion in South Africa. BHP Billiton South Africa is empowerin