24
Nov
00:00
BHP Billiton to cut $4bn/year in costs by focussing on core business after demerger
BHP Billiton plans to cut $4 billion/year of costs – an increase of $500 million on previous guidance – by end-2017 by focusing on its core businesses, which will include iron ore and some coal operations, following its proposed demerger, Kallanish learns from the mining giant.
The move will allow planned investment to be reduced from $14.8bn to $14bn in the 2015 fiscal year and to $13bn in fiscal 2016 with no change to expected production g…
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Anonymous
Very good overview of the weekly steel market.
Anonymous