BHP mulls production cuts as prices fluctuate
- Published: 12/02/2012 at 03:32 PM
- Online news: World
Global mining giant BHP Billiton warned that it could scale back production at unprofitable operations as commodity prices softened due to economic uncertainty.
Marius Kloppers, CEO of global mining giant BHP Billiton, pictured speaking at a press conference in Sydney. Kloppers on Sunday said the firm's flagship iron ore business was in good health despite weakening Chinese demand and insisted it would take a "fairly big event" to knock expansion plans worth Aus$27 (US$29) billion off course.
But BHP chief Marius Kloppers on Sunday said the firm's flagship iron ore business was in good health despite weakening Chinese demand and insisted it would take a "fairly big event" to knock expansion plans worth Aus$27 (US$29) billion off course.
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About the author
- Writer: AFP News agency
- Position: Agence France-Presse
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