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More Mining Means More Profits?

|Includes: BHP Billiton Limited (BHP)

BHP Billiton is going to invest $10 billion to increase its mining operations in Australia. While I personally feel that we don't need more mining, a few people seem to like this because their stock has climbed slowly since announcing this. Its a bit to expensive for my taste but I might buy a few shares here and there though I'm not in a hurry to spend money after a few other trades I made. However their stock does seem to have a good potential upside and it is moving above it's average.