Resource giant BHP Billiton Ltd (ASX:BHP) is refocusing on organic growth after a string of failed high-profile takeover attempts.

The world's largest miner is set to advance over $62 billion worth of projects this year.

BHP is expected to approve at least nine projects this year, including delivering on iron ore expansions in Western Australia's Pilbara region, according to Deutsche Bank analysts.

Deutsche Bank analyst Paul Young told The Australian that this year is about getting back to core business for BHP.

"It is going to be about talking about organic growth and the upside, which the market probably needs to refocus on," he said.

The company should also have six large projects that progress to feasibility stage, with coal, oil and gas the main focus.

BHP reported a net profit of $15.3 billion For the year ended 30 June 2010. The diversified mining giant is due to release its quarterly production report this week.