Iron ore producer says can decrease investment and stretch the capacity of its existing operations to increase volumes [br]The mining giant BHP Billiton will reduce spending after plunging commodity prices reduce annual profit in half to $US6.4bn.
BHP’s underlying profit dropped 52% in the year to 30 June, falling just short of market expectations of a $US6.6bn profit. Related: Shriti Vadera becomes senior independent director at BHP Billiton Continue reading...
Source: theguardian.com