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BHP Billiton profits chopped

Profits at BHP Billiton sunk to US$4.26 billion for 2H 2014, down by 47% YoY, amid steep drops in commodity prices. The company had already cut capital spending by 23% to $6.4 billion in 2H 2014.  25 more words

6. Corporate

Ore war in the Pilbara

With both demand and prices for iron ore falling, people are starting to ask why the big mining firms
are still ramping up production, writes IHS Maritime’s Zoe Reynolds…
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